In mid May 2022, the crash of the entire Terra network created a huge impact on the crypto market. Hundreds of thousands of investors lost their hopes and faced a huge loss for being Terra holders. Further the collapse of Terra network wiped off the crypto space in the second
More cases filed against Terra founder Do Kwon and he denies such allegations. BTC and crypto assets worth $39 million frozen. With the entire empire completely crumbling down, continuous reports and cases have been filed against the Terra founder Do Kwon. The downfall of the LUNA, and UST has completely
The greatest downfall of the Terra ecosystem cast a ruinous effect on the crypto world. The crypto market was already crashing down due to soaring macro-inflation and the hyper-volatility of the fiat-based TradeFi. Terra (LUNA) and the network’s algo-stablecoin TerraUSD (UST) became the sufferers of a disastrous free-fall to their
The South Korean government launches an extreme investigation on Terraform Labs. Proper and more constrained regulations to be announced soon. Refrains South Korean crypto exchanges from trading LUNA and UST. Terraform Labs has been the talk of the crypto world, with its two tokens, the LUNA and the UST, a
The Terra LUNA and UST dead down to $0, obviously could be the most highlighted tragedy upon the crypto industry for the year 2022. Many who were rich, came down crumbling. The Bitcoin (BTC) being tragically falling below $30K, waved the entire crypto industry too. Both from the stables of
OKX saves millions for its users. OKX risk protection system comes into action. Promotes as the only crypto exchange to do so. The still persistent market crash not only brought the Bitcoin (BTC) to lows, but a tragic event, witnessing the dead fall of the LUNA and the Terra UST.
Nox Bitcoin reimburses the money to UST holders who lost in the crash. Crypto users have queried whether Binance will follow suit. Nox promises to refund all UST holders at $1 rate despite the current price being low. The concerted attack in the crypto market is the significant crash of
The US CRS puts out a report on the UST crash. Shows regulatory unfulfillment with stablecoins. New fork to be out by Terra LUNA. The downfall of Terra’s UST and LUNA ought to be the hottest topic for the year 2022, so far. Amidst such unimaginable fall, regardless of the
Trading in these Terra coins will be suspended on May 27. Several exchanges have already delisted Terra assets. Prominent exchanges have delisted Terra’s tokens such as UST, LUNA, Anchor, and Mirror due to the catastrophe in the ecosystem. Coinbase, one of the largest crypto exchanges, has announced its plans to
Yep, it’s official, Terra (LUNA) is now into the history book of cryptocurrency. LUNA has died out a long back since yesterday. Currently, LUNA stands for a price of $0.00002712, with the graphs reaching almost 100%, at just 99.91% down for the last 24 hours into consideration. Besides, almost all
