Terra LUNA Project is Being Investigated

The Terra LUNA project, which caused a collapse in the cryptocurrency markets, was also scrutinized in the USA. Regulatory authorities in the country have decided to open investigations one by one.

Terra LUNA Project is Being Investigated. Relevant institutions in many countries have decided to open an investigation regarding the Terra LUNA project, which had an earthquake effect in the cryptocurrency markets and affected countless users. Finally, the US Securities Commission also launched an investigation. It has been learned that the commission specifically addressed the marketing side. Terra managed to gather a large number of investors with the high profit share marketing of the UST stable currency, which he stated to be indexed to the dollar. In addition, leading cryptocurrency exchanges made advertisements, emphasizing the information that the asset is indexed to the dollar. These developments allowed the LUNA currency to climb above $100. However, contrary to what Terra claimed, the fact that the asset was not backed by the UST currency and the founders transferred funds to different channels brought about the destruction. The news that there were people who committed suicide among investors who lost a thousand times in an instant, created outrage.       Source: Hardware News