Terra crypto crash

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New Terra-Luna Revelations: It's Worse Than We Thought
Terraform Labs, the company behind the $40bn collapse of terraUSD digital tokens in , has filed for Chapter 11 bankruptcy protection in. But last week, Luna and another currency that Mr. Kwon developed, TerraUSD, suffered a spectacular collapse. Their meltdowns had a domino effect. May 12, The Terra blockchain officially halts the chain for the first time after LUNA fell sharply in price, threatening the network's.

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Three Arrows Capital 3AC was forced into liquidation. But the coin ultimately plummeted. April Terraform Labs, the firm that develops the Terra blockchain, is incorporated in Singapore. May South Korean authorities are reportedly looking to more closely scrutinize crypto exchanges, as around , citizens are believed to fall victim of the abrupt plunge in UST and LUNA. Related Topics Macroeconomics.