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CoinDesk outs Terra stablecoin founder as the same person behind failed "Basis Cash" experiment that crashed and burned
9 days ago - By Natural News
Terra creator Do Kwon is apparently a longtime scam artist who also put together the failed algorithmic stablecoin “Basis Cash” , which was launched through Ethereum in 2020. Just like the now-failed Terra coin, BAC “sought to maintain a $1 peg through code, not collateral,” according to CoinDesk. BAC ultimately failed, never reaching...
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