South Korea May Hold Exchanges Accountable For Terra Crash
South Korea's crypto exchanges could be held accountable for some of the damage Terra investors suffered in the network's crash.
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South Korea's crypto exchanges could be held accountable for some of the damage Terra investors suffered in the network's crash.
Applied Blockchain was asked by an investor to take look at the inner workings of Terra Luna and didn’t like what it found.
Here’s a refresher to brush you up on what is happening on Terra’s blockchain, LUNA, and UST, and how TerraUSD lost its dollar peg.
TerraUSD, a prominent stablecoin, broke its peg with the dollar and is now trading at near zero which has precipitated a wider crash and even blue-chip cryptocurrencies are suffering.
While many are heralding the end of the crypto space, the Terra Luna stablecoin crash is just one of many growing pains for the sector.