‘I Lost My Life Savings’: Terra Luna Cryptocurrency Collapses 98% Overnight

The price of the Terra (LUNA) cryptocurrency has plummeted by over 99 percent, sweeping out crypto owners' riches. Around one stage, prominent crypto market Binance briefly banned Terra (LUNA) network withdrawals, preventing even those who needed to sell from doing so.

Terra, one of the top ten most valued cryptocurrencies, fell under $1 on Wednesday after reaching a high of almost $120 last month. In the midst of a market-wide collapse, other coins seem to be in peril.

The brunt of ...

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