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In May 2022, algorithmic stablecoin TerraUSD and its sister coin LUNA crashed after TerraUSD depegged from the US dollar. This triggered a wave of bankruptcies and restructurings around the world, including crypto hedge funds, Three Arrows Capital in the British Virgin Islands, Voyager Digital (a Canadian crypto broker), Celsius Network (USA), Zipmex (Singapore), Nuri ( Germany), CoinFLEX (Seychelles), Vauld (Singapore) and Holdnaut (Singapore). The Recent Stunning Collapse Of International Crypto…
