Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said.
The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said.
The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNA, the Terra Classic native token.
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel.
Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco.
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.”
Liquid staking firms could default on their Ether obligations if The Merge does not happen.
Mr. B alleges that the platform was designed to only offer an interest rate of 3.6%, but that changed at the last minute.
About 70% of tokens are held in escrow and will be vested starting later this year.
Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87.
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.