Attention all cryptocurrency enthusiasts!
Terraform Labs will pay $4.5 billion to compensate those affected by the collapse of Luna and TerraUST.
This news, according to El País, represents an important step to compensate investors who lost money in the collapse of cryptocurrencies during the month of May.
The deal, which has been dubbed the “Community Restoration Plan,” will be funded through the sale of Terraform Labs assets and the creation of a new digital currency.
What does this mean for the future of cryptocurrencies?
This case serves as a harsh reminder of the risks associated with cryptocurrency investments. However, some experts believe the Terraform Labs deal could help restore confidence in the market and lay the groundwork for more sustainable future growth.