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ABC News
ABC News
Business
business reporter David Chau

'Evil genius' may have caused Terra and Luna cryptocurrencies to crash in a 'death spiral'

A plunge in cryptocurrencies, including Bitcoin, has been exacerbated by the Luna and Terra stablecoin crash. (Reuters: Florence Lo)

It's been a stressful week for those who own bitcoin and other cryptocurrencies, as they watched billions of dollars get wiped off the value of their assets.

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