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Benzinga
Benzinga
Business
Samyuktha Sriram

Tron (TRX)'s Justin Sun Responds To Allegations He Was Behind Terra And UST Collapse, Says His USDD Is Different

Justin Sun Tron TRX Crypto LUNA

Justin Sun, the founder of the Tron (CRYPTO: TRX) blockchain, laughed off claims that he was behind an organized attack that took down Terra (CRYPTO: LUNA) and its stablecoin TerraUSD (CRYPTO: UST).

What Happened: In an interview with CoinDesk, Sun denied any involvement in UST’s de-pegging event and said he believes the situation unfolded due to market panic rather than a coordinated attack.

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