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New Terra-Luna Revelations: It's Worse Than We ThoughtTerraform 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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