a.i & blockchain

the collapse of the terra network cost investors $40 billion

Investors lost more than $40 billion due to the collapse of terra’s luna and ust networks. others are kicking themselves for supporting the cryptocurrency, while some insiders say, “i told you so.” 

the chief executive officer of binance, changpeng zhao, stated that the business possessed 15 million luna, which had a value of $1.6 billion at the token’s peak. bloomberg’s estimations place cz’s net worth at more than $15 billion, despite having incurred losses.

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