Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Samyuktha Sriram

Lehman Brothers Of Crypto? Community Reacts To Terra (LUNA) Downfall

Some members of the cryptocurrency community have equated the chaos unfolding within Terra’s (CRYPTO: LUNA) ecosystem to the Lehman Brothers collapse.

What Happened: On Monday, Terra’s algorithmic stablecoin TerraUSD (CRYPTO: UST) lost its peg to the U.S. dollar and fell to $0.79.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.