Wall Street Journal
Luna and Terra Creator Do Kwon Plans a Crypto Comeback | WSJ
Algorithmic stablecoin TerraUSD was supposed to maintain its value at $1 with the help of its sister-crypto, Luna. But TerraUSD’s price collapsed to pennies in May, while Luna plunged by more than 99%, wiping out around $40 billion in value. Their creator Do Kwon has been attempting a comeback by relaunching Luna. WSJ markets reporter Alexander Osipovich joins host Julie Chang to explain the collapse of Do Kwon’s crypto empire and what his second try looks like. Photo: Woohae Cho/Bloomberg News For more episodes of WSJ’s Tech News Briefing: g Visit the WSJ Podcast Center: 9 More from the Wall Street Journal: Visit WSJ.com: m Visit the WSJ Video Center: o On Facebook: / On Twitter: J On Snapchat: M #Luna #Crypto #WSJ