After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this caused a vicious cycle that pushed LUNA’s price to worthless levels, effectively wiping out billions of dollars worth of Terra Luna value. Any investors with money in LUNA lost over 99% of their holdings, and several suicides were confirmed, according to users on Twitter. Do Kwon Responds to the Tragedy on Twitter Friday night, Do Kwon published a series of tweets in his second official response to the Terra
The post Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter appeared first on The Merkle News.
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