So first airdrop ,In which you can participate is $Rcade Y | Daddys Lil Analyst on Binance Square

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So first airdrop ,In which you can participate is  $Rcade You just have to complete tasks to gainmore points..

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Why is $DOGS crashing badly ,is it over? Should i sell all? What you all doin??

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Who and when Bitcoin was created?!!

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(Part 2) Do Kwon, the co-founder of Terraform Labs, the company behind Terra (LUNA) and TerraUSD (UST), faced significant legal and financial repercussions following the collapse of the Terra ecosystem in May 2022. The crash, which led to billions of dollars in losses for investors, prompted investigations and legal actions from multiple jurisdictions. In South Korea, where Terraform Labs is based, authorities launched an investigation into allegations of fraud and financial misconduct against Kwon and his company. South Korean prosecutors issued an arrest warrant for Do Kwon in September 2022, accusing him of violating capital market laws. Subsequently, Interpol issued a red notice for his arrest, making him a wanted fugitive globally. Kwon's whereabouts became a subject of speculation as he reportedly moved between various countries to evade arrest. Despite his insistence on social media that he was not on the run and was cooperating with authorities, his exact location remained unclear for several months. Additionally, the U.S. Securities and Exchange Commission (SEC) began its own investigation into Kwon and Terraform Labs, examining whether they misled investors and violated securities laws. Kwon faced lawsuits from investors who suffered substantial losses due to the collapse of Terra and UST, alleging that he and his company failed to disclose critical information about the risks associated with their algorithmic stablecoin. The fallout from the Terra crash and the subsequent legal challenges underscored the regulatory scrutiny facing the cryptocurrency industry, highlighting the need for greater transparency and accountability. Kwon's case serves as a cautionary tale of the potential legal consequences for founders and executives in the volatile and rapidly evolving crypto space.

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One of the most notable cryptocurrency crash stories is the fall of the Terra (LUNA) and TerraUSD (UST) in May 2022. TerraUSD (UST) was an algorithmic stablecoin designed to maintain a 1:1 peg with the US dollar through a complex mechanism involving its sister token, Terra (LUNA). Unlike traditional stablecoins backed by fiat reserves, UST relied on an algorithmic process that involved minting and burning LUNA to stabilize its value. The crash began when UST started to lose its peg to the dollar. On May 7, 2022, large UST withdrawals from decentralized finance platforms caused the stablecoin to deviate from its $1 peg. Panic spread, and massive sell-offs ensued, further destabilizing UST. As a result, the algorithm began issuing an unprecedented amount of LUNA to try to restore the peg, flooding the market and causing LUNA's price to plummet. Within days, LUNA's value collapsed from over $80 to fractions of a cent, wiping out billions of dollars in market value. UST, meanwhile, failed to regain its peg, trading far below $1. The collapse triggered a broader market downturn, affecting investor confidence in other cryptocurrencies and causing significant losses across the market. The crash had far-reaching consequences. Investors lost significant amounts of money, and the event drew scrutiny from regulators worldwide. It highlighted the risks associated with algorithmic stablecoins and the vulnerabilities within the cryptocurrency ecosystem. The Terra incident serves as a stark reminder of the volatility and risks inherent in the crypto market, emphasizing the need for robust risk management and regulatory oversight.

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