Raymond Scott Pert on Nostr: Close associate of Terraform Labs co-founder returns home after extradition from ...
Close associate of Terraform Labs co-founder returns home after extradition from #Montenegro
> The prosecution plans to question Han on the entire process covering the issuance of TerraUSD and its sister coin Luna, and how they tumbled.
> TerraUSD was designed as a #stablecoin, which was pegged to stable assets like the U.S. dollar, but its value plunged as low as 10 cents in May, breaking its 1-to-1 peg with the U.S. dollar
https://en.yna.co.kr/view/AEN20240206003951315 #crypto #TerraformLabs #cryotocurrency #LUNA
> The prosecution plans to question Han on the entire process covering the issuance of TerraUSD and its sister coin Luna, and how they tumbled.
> TerraUSD was designed as a #stablecoin, which was pegged to stable assets like the U.S. dollar, but its value plunged as low as 10 cents in May, breaking its 1-to-1 peg with the U.S. dollar
https://en.yna.co.kr/view/AEN20240206003951315 #crypto #TerraformLabs #cryotocurrency #LUNA