The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses. As a result, billions of dollars were lost, and many investors lost faith in crypto. Gradually, the space is experiencing a revival as several crypto assets and firms are picking up their shackles. The rebuilding and consolidation of value are slowly creating hope for some participants. In addition, the emergence of some events and activities in the industry could bring cryptocurrency a more robust atmosphere. Related Reading: Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin Terra had staged its comeback with the launch of Terra Classic (LUNC) and the recent rollout of Terra (LUNA). However, the LUNA ecosystem is still swinging under the balance as more allegations are piled on Do Kwon, the co-founder of Terraform Labs. Kwon was accused of being on the run since the fall of the LUNA ecosystem. Kwon Reacts To The Allegations Of Hiding However, the Terra chief took to Twitter recently to clarify the allegation of his hiding from the authorities. He said he had not made any effort to hide anywhere, explaining that he had been in public places like malls and on walks in the past weeks but didn’t run into anyone. Recall that the International Criminal Police Organization (Interpol) issued a Red Notice officially a...
