Posted by on May 13, 2022 2:09 pm
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Categories: Natural News News

CoinDesk outs Terra stablecoin founder as the same person behind failed “Basis Cash” experiment that crashed and burned

(Natural News) Terra creator Do Kwon is apparently a longtime scam artist who also put together the failed algorithmic stablecoin “Basis Cash” (BAC), 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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Originally appeared on NaturalNews.com

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