Hedge Fund Billionaire Bill Ackman: Terra Was ‘Crypto Version of a Pyramid Scheme’

Billionaire investor Bill Ackman says that the epic collapse of Terra ($LUNA) and algorithmic stablecoin TerraUAD ($UST) has exposed a crypto version of a pyramid scheme. In a series of tweets, Ackman shared his views on the price collapse of $UST, which was once thought to be pegged to the value of $1. Ackman said […]