The drop in volume is likely due to the falling prices of most crypto assets and the loss of faith in exchanges because of FTX.
Crypto yield app Finblox has raised their withdrawal limits after restricting it following the implosion of Three Arrows Capital.
Anonymous also pointed out and criticized Kwon for his “arrogant tactics” in addressing his competitors and critics and “acting like he would never fail.”
The investigation was carried out after the collapse of UST and LUNA last May, and affected 200,000 Koreans.
Three Arrows Capital is looking to sell its assets after suffering huge losses. But what exactly happened that led to this collapse?
CZ pointed out the potential issues with forking Terra and noted that “minting, forking, don’t create value.”
CZ said that hard forking to TERRA2 “won’t work” as it would involve providing a new version of LUNA to all holders.
Not all stablecoins are the same. It’s time to learn what makes algorithmic stablecoins unique and concerns about their “stability”.
What’s next for LUNA and UST? Holders await founder Do Kwon’s new plans to save the Luna blockchain.