Terra's $64b bashing creates a crowd of crypto losers - The Australian Financial Review

The rapid collapse of terraUSD and its sister token luna has sent a ripple effect across the industry and threatens to have a cooling effect on crypto fundraisings.

Individual holders of UST and luna, the token thats part of the peg mechanism for the algorithmic stablecoin, are now deeply in the red, and tweets lamenting dashed fortunes have flooded crypto Twitt… [+4661 chars]

full article...