FROM BITCOIN MAGAZINE

Last updated: June 16, 2025, 12:17  |  Written by: Linda Xie

From Bitcoin Magazine
From Bitcoin Magazine

On May

Terra blockchain’s stablecoin UST lost its peg this week, crashed, and brought the whole cryptocurrency market into a catastrophe long unseen. Billions were wiped

On May 16, the Terra blockchain halted its operations after an overnight 100% drop in the token’s price. How did this happen? For one, the broad crypto market has

The Terra (LUNA) collapse sparked on, when the price of UST (Terra USD) dropped from an all-time high of $1.09 to $0.985 after a series of large dumps of

The Collapse of LUNA: What Happened and Why? - DailyCoin

Terra (Luna) Collapse 2-year Anniversary: What Happened and

Quo Vadis, Terra Luna? (Before and After the Crash)

The Terra Blockchain

Why is Terra Luna crashing? - The US Sun

Terra Luna Crash: What Happened And How It Cast A Dark Cloud

The Terra blockchain, which features the UST (TerraUSD) stablecoin powered by the LUNA token, came to a halt for the second time in 24 hours amid the

On May

Terra Luna crash: how it happened, and what's next? - Bolder

On May 7th 2025, the attacker swapped $85 million worth of UST into USDC on a decentralized exchange. The attacker (s) then continued to swap tens of millions of dollars worth of USDC

Crypto's biggest crash: Terra, LUNA and UST crisis explained

Linda Xie can be reached at [email protected].

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