How This Man Just Caused a $45 BILLION Crash [Terra Luna]


Two months ago…


In 2018, Do Kwon founded Terraform Labs with a partner Daniel Shin, who later left the company. Almost immediately, Terraform started seeing interest from investors. The startup raised $150 million in funding from investors like Arrington Capital, Pantera Capital, and Galaxy Digital.


In the last few days, a stablecoin called TerraUSD and its sister currency Luna dropped about 80 per cent, rattling the broader crypto market including tokens like Bitcoin and Ethereum. Terra Luna is now almost worthless. This has created fear among investors, even aggressively bullish crypto investors are now panicking.



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