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Many skeptics were concerned about where the money came from stablecoin started to depeg.
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Luna crypto owner | ISSN For amateur investors, the devastation was worse. If this high-profile project could collapse in few days, could all the others? Next Article. The Korea Herald in Korean. |
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Luna crypto owner | UST, however, lost its peg and fell to as low as 66 cents on Monday. However, the practice did not work amidst the gradual crypto meltdown. At a moment when government bonds were paying 2 percent and savings accounts less than one percent, money flooded into the project. Some investors who lost money in Luna have filed a complaint with local prosecutors claiming that Kwon was involved in fraud and illegal fundraising. The goal being, a steady store of value for investors, unlike other volatile coins like ethereum. Besides Do Kwon going down, is there going to be any accountability had for those who mega-shilled the greatest ponzi in crypto history? |
Luna crypto owner | Archived from the original on 9 June If that can happen, how can you value anything? Archived from the original on 24 March The Public in Korean. Emerald Expert Briefings. |
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The Celsius Fraud Is Even Worse Than We ThoughtThe project was created in by Terraform Labs, a startup co-founded by Do Kwon and Daniel Shin. It is most known for its Terra stablecoin and the associated. Do Kwon is a South Korean entrepreneur and CEO of Terraform Labs, known for the stablecoin TerraUSD and cryptocurrency Luna. Do Kwon is currently serving a four-month sentence in Montenegro for document forgery. The disgraced crypto mogul is facing charges in his home.
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