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 Stablecoin TerraUSD plunges from $1 to $0.40

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Amaru
post May 13 2022, 03:20 PM

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Luna network halted
Final supply = 65 trillion
biggrin.gif

Thasmita
post May 14 2022, 07:41 AM

On my way
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QUOTE(icemanfx @ May 13 2022, 03:08 PM)

Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash, CoinDesk has learned.
Basis Cash (BAC) was a closely watched revival in decentralized finance (DeFi) circles when it launched on Ethereum in late 2020, just before the launch of terraUSD (UST), Terra’s flagship stablecoin. Like UST, BAC sought to maintain a $1 peg through code, not collateral.
But it failed: The token of this long-abandoned project never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent on Wednesday.
https://www.coindesk.com/tech/2022/05/11/us...colleagues-say/
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Yup really ironic
Davidtcf
post May 18 2022, 01:20 PM

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More drama incoming:

Fatman turns to legal course of action against Terra's Luna & UST
https://twitter.com/FatManTerra/status/1526...Abih6oSfvA&s=19


Lon3Rang3r00
post May 18 2022, 04:33 PM

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QUOTE(Davidtcf @ May 18 2022, 01:20 PM)
More drama incoming:

Fatman turns to legal course of action against Terra's Luna & UST
https://twitter.com/FatManTerra/status/1526...Abih6oSfvA&s=19
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When a person lost direction and let emotion take over them, they will just bite on anything they can find. I felt Kesian toward those Net Red that convince their follower to leverage on UST/Luna, bye.gif at the same time I can't imagine only a month ago i'm asking if there's a cheaper way to acquire stablecoin.
billy_overheat
post May 19 2022, 03:06 PM

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QUOTE(Davidtcf @ May 18 2022, 01:20 PM)
More drama incoming:

Fatman turns to legal course of action against Terra's Luna & UST
https://twitter.com/FatManTerra/status/1526...Abih6oSfvA&s=19
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This is the reason why there are maxis out there
Lon3Rang3r00
post May 27 2022, 02:35 PM

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So anyone Luna 2.0?
john123x
post May 27 2022, 02:37 PM

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do you really think that jackass arrogant Do Kwon will rescue TerraUSD?

after he rescued, he will becomes "poor", do you think he will accept this?
Lon3Rang3r00
post May 27 2022, 02:43 PM

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QUOTE(john123x @ May 27 2022, 02:37 PM)
do you really think that jackass arrogant Do Kwon will rescue TerraUSD?

after he rescued, he will becomes "poor", do you think he will accept this?
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I don't, but i do have $10 spare to throw in and hope it will 10x-50x in short amount of time. Set a profit stop in attempt to gain back some of what I've lost.
thumbsup.gif Gambling

TOS
post May 28 2022, 01:44 PM

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Cross-posted from IBKR thread.
Davidtcf
post Jun 1 2022, 04:21 PM

To the moon!!
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Anchor Protocol site down since yesterday:
https://www.anchorprotocol.com/

Fishy as to why they dont even bother to restore back the website.
Lon3Rang3r00
post Jun 1 2022, 06:29 PM

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QUOTE(Davidtcf @ Jun 1 2022, 04:21 PM)
Anchor Protocol site down since yesterday:
https://www.anchorprotocol.com/

Fishy as to why they dont even bother to restore back the website.
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Throw rm 100 buy few new Luna 2.0 tokens And let it be. Unsure what will happen but fomo so decided to throw some $$ in.
TOS
post Jun 5 2022, 12:18 PM

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MARKETS: FINANCE

Search Continues for Source of TerraUSD Crypto Bank Run

In decentralized finance, it isn’t easy to understand who provides money for loans, where the money flows or how easy it is to trigger currency meltdowns

https://www.wsj.com/articles/search-continu...share_permalink
Davidtcf
post Jun 10 2022, 05:45 PM

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Latest news. Insider TFL employees leaked to SEC. Likely Do Kwon knew this was going to happened:

https://alicebuzz.com/do-kwon-charged-with-...out-luna-crash/

An engineered collapse most likely.
TOS
post Jun 10 2022, 08:27 PM

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FT Opinion

Markets Insight: Regulate stablecoins. Please!

It is time for regulators to get creative and use their current powers to act

by SHEILA BAIR

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