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Crypto: Terra blockchain halted after LUNA, stablecoin UST losses

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The Terra blockchain was halted Thursday, as its governance token LUNA
LUNAUSD,
-98.17%

dropped more than 99% over the past 24 hours to around $0.01.

“Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack,” according to a Tweet from Terraform Labs, which backs the blockchain.

: Yellen says cryptocurrency market turbulence does not ‘real threat’ to U.S. financial stability.

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