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It’s the month of horror! And Friday the 13th is considered as its unluckiest day. So, why not take the time to remember some very spooky and unlucky moments inside the cryptocurrency world? The truth is that we’ve had many. We’ve survived them all, but that’s a different story for some companies and cryptocurrencies. After some very bad crypto crashes for different reasons, some brands and assets have disappeared for good. Indeed, according to , , including failed Initial Coin Offerings .
coins. Terra USD is now at $0.000058 . Despite efforts by the Luna Foundation, UST's peg could not be restored, and the Terra protocol faced a collapse of over $40 billion. Investors suffered severe losses, prompting some to file lawsuits against Terraform Labs and its co-founder Do Kwon. UST's price plummeted to $0.1 , dragging
down with it. Ultimately, Terra's collapse left a trail of financial devastation, leading to delistings on multiple crypto exchanges, more crypto regulations worldwide, and legal actions against those involved in the project. Do Kwon, Terra's co-founder, in March 2023 while traveling in Montenegro using falsified documents. was arrested Case 4: Three Arrows Capital This crash is likely intertwined with the previous one.
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