Terraform Labs Caused Collapse Of Its Stablecoin UST? This Report Says So

Terraform Labs Caused Collapse Of Its Stablecoin UST? This Report Says So


Bitcoinist
2022-06-14 15:21:26

The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from CoinDesk Korea, investigators linked the company to the attack that led to UST losing its peg to the U.S. dollar. Related Reading | Bitcoin Will […]