What happened to terrausd?

TerraUSD, the “algorithmic stablecoin” whose collapse prompted a multibillion-dollar selloff across crypto markets, has turned off its blockchain and been delisted from major exchanges, in effect shuttering the project for good. However, the wider impact of the project’s failure appears to have been constrained.

Could do Kwon be charged if terrausd collapsed?

The U.S. Justice Department is probing last year’s collapse of the terraUSD (UST) stablecoin, raising the possibility of criminal charges being filed against the stablecoin’s creator, Do Kwon, according to the Wall Street Journal, citing people familiar with the matter.

Is terrausd a securities fraud class action?

REUTERS/Dado Ruvic (Reuters) - A new securities fraud class action by an investor in the collapsed stablecoin TerraUSD will test a novel theory of liability against six crypto venture capital firms that pledged to support Terra tokens in the months before they imploded.

How has the terrausd crash impacted the crypto sector?

The near-total crash of TerraUSD has caused shockwaves across the crypto sector. Photograph: Andre M Chang/Zuma/Rex/Shutterstock