LUNA Issuer Terra Halts Blockchain After Week of Losses

• According to a tweet from Terraform Labs, the institution down the Terra ecosystem which includes the LUNA governance token and respective algorithmic stablecoins, the terms of LUNA fell excessively debased to "prevent governance attacks," citing LUNA ostentation arsenic 1 factor. LUNA fell successful terms from astir $120 successful aboriginal April to betwixt 1 and 2 cents connected Thursday.

• LUNA's terms plummeted implicit 80 dollars successful 3 days. TerraUSD (UST), 1 of the paired stablecoins, broke its peg connected Monday, dropping to 37 cents astatine property time.

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