I Lost in 2022 when #luna or #Lunc got destroyed from 116$ to 0$ . DoKwon didn't had a backup plan and what i got in return was just cents . I had 2000 coins and later i got 1.6million coins , but that was it , the project ended and all people lost their money
Reuter news -Kwon had agreed last June to pay an $80 million civil fine and be banned from crypto transactions as part of a $4.55 billion settlement that he and Terraform reached with the U.S. Securities and Exchange Commission.
In Thursday's indictment, the Manhattan U.S. Attorney's office alleged Kwon misled investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1.
Kwon allegedly told investors a computer algorithm known as "Terra Protocol" had restored the coin's value when it slipped below its peg in May 2021, when in fact he arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price.
Why it is a mystery till now , was it a perfect scam ? Investors lost billions by his creation
Investors lost money on #ust also
Never keep your funds only in 1 project , keep a share og your money in many projects
