A Ukrainian man who converted almost all his family’s money into the crypto “stablecoin” terra in April in an effort to protect against the risks of invasion or currency collapse has lost almost $10,000 after its sudden demise.
Source: Digital Coin News (digitalcoinnews.net)
Humans of many backgrounds lost their life savings, not just this Ukrainian. I don't get the gist of this headline.
😂😂 He believed that putting his life savings in something that only exists as a digital algorithm (and isn't backed by any physical assets) was a good idea? Charles Ponzi would have been happy to call this Smoke and Mirrors scheme his own 😂😂
Hundreds have lost their life savings in what was an obvious ponzi, but now you found an UA guy in their ranks so it deserves an article? Investigate much?
Now he's gonna lose his life as well🤣
Crypto isn’t a Ponzi scheme. ¯\\_(ツ)_/¯
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