Terra presyoLUNA

After Three Arrows Capital (3AC) accused FTX of wrongfully liquidating $1.53 billion in assets, Binance co-founder Changpeng Zhao has now questioned FTX’s role in the 2022 LUNA/UST crash. Binance co-founder Changpeng Zhao (CZ) weighed in, expressing curiosity about the LUNA/UST crash and its potential connection to FTX and 3AC, given their close relationship. The former Binance CEO stated this after learning that the judge allowed Three Arrows Capital (3AC) to increase its claim against the bankrupt crypto exchange – from $120 million to a significant $1.53 billion. Related: 3AC’s Su Zhu Speaks Out: FTX Crash Could Have Been Avoided The ruling came after 3AC claimed FTX liquidated $1.53 billion of its assets just two weeks before FTX itself collapsed. 3AC argued it couldn’t have gotten the information sooner because FTX, in the midst of bankruptcy, held the crucial data. Therefore, 3AC said it could not gather all the necessary information before the official claim deadline expired. FTX fought back, arguing that the court should not entertain 3AC’s request, considering the update’s lateness. The defunct crypto exchange said 3AC had brought a brand new claim, which the court should dismiss because it missed the filing deadline. But the judge sided with 3AC. According to the Judge, 3AC’s latest information is consistent with the underlying issue of FTX liquidating 3AC’s assets, despite a prior warning to FTX on the potential exposure to more significant claims in the ongoing bankruptcy case. This is a major blow to FTX and its creditors. Related: FTX Bankruptcy: $16 Billion Recovered, Cash Payments Planned for Customers The Judge’s decision clears the way for 3AC to pursue its $1.53 billion claim against FTX. The decision noted that 3AC acted in good faith, and no party unfairly blindsided FTX in the ongoing case. The ruling could significantly impact the amount of money available to other FTX creditors. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

#MastertheMarket The collapse of Terra (LUNA) and TerraUSD (UST) in mid-2022. This was one of the biggest failures in the cryptocurrency world that affected many investors. LUNA is the native token of the Terra blockchain, while UST is a stablecoin designed to maintain a 1:1 value against the US dollar. UST uses algorithms to maintain price stability, by "minting" and "burning" LUNA to adjust the supply of this stablecoin. However, in May 2022, UST began to lose its peg to the US dollar, which caused investors to panic and sell UST in large amounts. To try to maintain the value of UST, the system started printing more LUNA, but this actually led to massive inflation and a drastic drop in the value of LUNA. As a result: The value of LUNA fell by almost 100%: LUNA, which was previously trading at hundreds of dollars, suddenly fell to less than one cent. UST lost stability: UST could no longer be maintained at a 1:1 value against the dollar, creating great uncertainty in the market. Massive losses for investors: Many people lost their entire investments, and a significant amount of money simply evaporated. This tragedy worsened trust in algorithmic stablecoins and highlighted the potential risks in systems that rely on mechanisms that are not fully proven. It also prompted regulators to start paying attention and to tighten regulations on the cryptocurrency market. $LUNA

♥️🔥🚀💸LUNC (Luna Classic) is a project that is rapidly gaining popularity in the world of cryptocurrency. It is part of the Terra blockchain, which is a decentralized financial platform. The goal of the Terra blockchain is to create a stable and reliable digital currency system that can be used worldwide.🚀💸🔥♥️

$LUNA 🗼🗼🗼

$LUNA 🗼🗼🗼