South Korea intensifies its campaign against the terraUSD and the luna issue

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Atomic Digest

According to reports published Sunday, South Korean authorities and major cryptocurrency exchanges are ramping up the pressure on the contentious “stablecoin” terraUSD and its sibling luna over their price drop disaster, with the prosecution initiating a crackdown on the issue. According to rumors, major crypto exchanges in Korea are aiming to create a united organization to assist them deal with crises like the collapse of the terraUSD and luna, which resulted in about $38 billion being wiped off the balance sheets of 280,000 Korean investors in the first week of the price drop. TerraUSD and …

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