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May 24, 2022

News of the Trade

Latest trading, investing, and financial news

Q&A with retail traders after Terra’s crash: some lost their life savings, others shared suicidal ideation on forums, some now acknowledge it’s a Ponzi scheme (Edward Ongweso Jr/VICE)

Edward Ongweso Jr / VICE:
Q&A with retail traders after Terra’s crash: some lost their life savings, others shared suicidal ideation on forums, some now acknowledge it’s a Ponzi scheme  —  It took less than a week for the third largest stablecoin and its ecosystem to become virtually worthless, wiping out countless traders’ savings.