Is there any way back for Terra UST?, could you trust a coin by the… — @QJax on read.cash

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@QJax 16 May 2022 more from that month

Is there any way back for Terra UST?, could you trust a coin by the same creator again? What can be made of the recent onchain analysis that Terra moved Bitcoin reserves to Binance and Gemini after the collapse of this not so stable coin? I think that it was a rather sketchy move TBH. https://news.bitcoin.com/onchain-analysis-report-says-terras-bitcoin-reserves-were-sent-to-binance-and-gemini/ #cryptocurrency

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2 comments

I@IggyDotDev 16 May 2022

Yup. If we look back, the creator did the same in the past.... Basis Cash I believe it was called. Creator of 2 failed crypto projects... that doesn't look good...
- @QJax 16 May 2022
  
  Totally agree, maybe its time he took up realestate or something, Im sure he pocketed some BTC from those transfers

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