LUNA and UST collapse, destroy these families: they commit suicide!

LUNA and UST collapse, destroy these families: they commit suicide!

The collapse of Terra (LUNA) had disastrous consequences for many investors around the world. UST, the stablecoin of the Terra ecosystem, has thrown a Ukrainian family into misery. A Taiwanese committed suicide after the coin was depreciated.

A Ukrainian family suffered a great loss because of LUNA

Cryptocurrencies and stablecoins can be used as an investment vehicle in times of financial turmoil and adverse events (such as the Russian invasion of Ukraine). Either way, allocating some wealth to this asset class seems like a better decision than buying it in a war-torn region. Based on this assumption, Yuri Popovich, who now lives in Kyiv, Ukraine, invested all of his family savings (around $10,000) in UST. At first glance, the UST looked like a less risky stablecoin than most volatile cryptocurrencies, as it was said to be pegged 1:1 to the US dollar.

It’s a lot of money for us and extremely important to live in the current situation. I worry about my health, my wife and our relationship. I don’t even know how this will end.

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