YouTuber KSI Says He Lost $2.8 Million on Terra in One Day

YouTuber KSI Says He Lost $2.8 Million on Terra in One Day

From decrypt.co

One of LUNA’s celebrity holders is taking to social media to document his losses. British YouTuber and rapper JJ Olatunji, more commonly known as KSI, shared Thursday morning that the $2.8 million he invested into Do Kwon’s cratered cryptocurrency, Terra (LUNA), had plummeted to a new valuation of less than $1,000 in a day. LUNA is a cryptocurrency created in part to help maintain the peg, or stable $1 value, of Terraform Labs’ algorithmic stablecoin TerraUSD (UST). But UST lost stability on May 9 and has since plummeted to just 38 cents. Because of the connection between UST and LUNA, the latter nosedived from ... (full story)

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