The reason for the collapse of TerraUSD was probably a targeted attack. Currently, Terra is apparently discussing various options, such as resetting the network to before the attack https://twitter.com/stablechen/status/1525023238895837184?t=8y5E5jPiERAAoD04QFqfLw&s=19 . Whether this works ... 🤷♂️ Accordingly, it also makes sense to suspend trading in the current market situation. Binance confirms to work together with Terra. Possibly a solution will be found to restore at least part of the deposits. https://www.binance.com/en/support/announcement/f68451879a1841a6a0f44025735d9236?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
•
33
•
@DonkeyInvestor Many thanks for the input!
••
@DonkeyInvestor Ah. I was wondering why UST was no longer tradable
••
@MarketNewsUpdate please, you're welcome.
Your DonkeyMarketNewsUpdateUpdater
Your DonkeyMarketNewsUpdateUpdater
•
22
•@DonkeyInvestor But there's nothing concrete regarding the attack, is there?
Blackrock and Citadel had denied it 👀
Blackrock and Citadel had denied it 👀
••
@Doomer I actually haven't followed it in detail. I'm still pissed that this happened within the 30 days in which I wanted to park a few $ in a stablecoin 🤬
••
@DonkeyInvestor Yes. There's nothing you can do... Although I'm curious to see how they're going to "reboot" the network anyway! Maybe you're still in luck 😅
••
@Doomer I don't believe it. Well, just another lesson learned ...
•
11
•