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2Yr

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

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Market News@MarketNewsUpdate

2Yr

@DonkeyInvestor Many thanks for the input!

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Doomer@Doomer

2Yr

@DonkeyInvestor Ah. I was wondering why UST was no longer tradable

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Satoshi Nakamoto@DonkeyInvestor

2Yr

@MarketNewsUpdate please, you're welcome.
Your DonkeyMarketNewsUpdateUpdater

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Doomer@Doomer

2Yr

@DonkeyInvestor But there's nothing concrete regarding the attack, is there?
Blackrock and Citadel had denied it 👀

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Satoshi Nakamoto@DonkeyInvestor

2Yr

@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 🤬

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Doomer@Doomer

2Yr

@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 😅

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Satoshi Nakamoto@DonkeyInvestor

2Yr

@Doomer I don't believe it. Well, just another lesson learned ...

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