May 22, 2022 7:25 AM
(NYTIMES) – Two weeks ago, TerraUSD, a stablecoin – a system that was supposed to perform a lot like a conventional bank account but was backed only by a cryptocurrency called Luna – collapsed. Luna lost 97 per cent of its value over the course of just 24 hours, apparently destroying some investors’ life savings.
Source : https://www.straitstimes.com/business/invest/crypto-crash-and-a-question-of-gullibility-0
