S. Korean Exchanges to be Held Accountable for LUNA Crash

The collapse of the Terra ecosystem including the protocol’s two flagship digital currencies, LUNA and UST may have more aftermaths than earlier imagined.

According to the latest reports from local media platform Newspim, the top are now likely to be held accountable for failing to implement measures to protect investors from the crash.

In just about a week, UST depegged widely from the expected $1 price while the LUNA coin lost more than 99.99% of its value, charting the course of history as the worst collapse of a major cryptocurrency in recent times.