Terra founder Do Kwon loses $11 million bet after LUNA collapse
Terra founder Do Kwon loses $11 million bet after LUNA collapse
Check this out
https://beincrypto.com/terra-founder-do-kwon-loses-11-million-bet-after-luna-collapse/
Exactly. That $11 million is pocket change for him. A person with a billion dollars can buy a $1 million home every day, all year, burn it to ashes, and still have close to a billion dollars… especially given the interest and other returns on the rest of their money.
There’s tons of people, especially new investors, that don’t understand that stable coins aren’t stable and can collapse. Youtube & Twitter shills don’t help either. You also get banned from discords for bringing up the slightest concerns.
This Luna saga is proving to be a good argument for pro regulation, despite the complains about regulation we are gonna need some form of it to avoid this stuff in the future.