Explainer: Crypto crash — why it's difficult for burned Luna, TerraUSD investors to seek financial recourse - TODAY

SINGAPORE — Many young investors here lost significant chunks of their life savings in a span of days when a popular cryptocurrency went into meltdown. They were left wondering if they could recover the money, or if the authorities could help.

This all happened after TerraUSD broke its 1:1 peg to the United States dollar and crashed in value. While "stablecoins" have no real legal status, they are linked to the value of assets such as the … [+7858 chars]

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