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Russia was invading, so a Ukrainian converted his life savings of $10,500 into the crypto token terra. Then the token crashed.

Russia was invading, so a Ukrainian converted his life savings of $10,500 into the crypto token terra. Then the token crashed.

A Kyiv, Ukraine, resident said he converted his $10,500 in life savings into a crypto token called terra but lost most of it after terra crashed.STR/NurPhoto via Getty Images A Kyiv resident wanted to protect his savings to avoid risks from Russia’s war, per The Guardian. He put the $10,500 sum into terra, a “stable” crypto token that later crashed in value. The Ukrainian’s account is one of many stories of retail investors being burned by the crypto crash. Yuri Popovich thought it seemed like a… Source link

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