The collapse of stablecoin TerraUSD in 2022 knocked out more than $60 billion from the crypto market in a single week. However, the hardest-hit market was Korea, where the fallout is still being felt today.
The project had a significant impact on the homeland of founder Do Kwon, where more than 200,000 people were affected by the collapse. Some people even sold their homes to invest in Luna. To date, the Korean regulatory environment for cryptocurrencies is not particularly…
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