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Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse

Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse

The admission comes after the stunning demise of the Terra blockchain’s flagship project.

Terra creator Do Kwon said in a tweet thread he was “heartbroken” about his creations losing functionally all of their value this week.

Kwon, who founded Terraform Labs – creator of the LUNA governance token, TerraUSD stablecoin and various other cryptocurrencies – said he spent the last several days calling various community members about the tokens’ losing all of their value. Luna, which was worth nearly $120 at the start of April, collapsed in dramatic fashion this week and traded around 0.03 cents as of press time.

https://www.coindesk.com/business/2022/05/13/do-kwon-i-am-heartbroken-over-pain-caused-by-ust-collapse/

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