‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosys...

‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosys...

Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has once again halted block production at block height 7,607,789. The team restarted the chain again at 8:46 a.m. (ET) and disabled onchain swaps. Do Kwon’s ‘Amusing Morning’ of De-Pegging Jokes Becomes a Scary Reality Five days ago people....


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