With the collapse of Terra blockchain, some of the largest cryptocurrency exchanges are suspending or delisting relevant tokens, including investors in this blockchain network. OKx, one of the largest cryptocurrency exchanges, is stopping all transactions of UST, Luna and the other two tokens anchor and mirror on the blockchain.
Prior to the resumption of trading earlier on Friday, coin an, the world's largest cryptocurrency exchange, also announced the suspension of spot trading between Terra blockchain native token Luna and US dollar stable currency terrausd (i.e. UST) and coin an's stable currency binance USD. Huocoin has taken similar measures. Crypto. Com announced the suspension of the transactions of Luna, anchor and mirror. Coinbase will be suspended on May 27.
Some of these exchanges are well-known investors in Terra. It is reported that the venture capital departments of coin an, Huo coin, OKx and coinbase have invested in Terra.
Zhao CHANGPENG, CEO of coin security, said in a twitter that the above decision was made after Terra blockchain stopped serving for the second time. He said on twitter that the network outage had resulted in "no access to funds on any exchange".
Terra blockchain stopped processing new transactions for the second time late Thursday. Terraform labs, the main developer of the blockchain, said on twitter that the entity responsible for verifying Terra transactions had taken action and planned to restructure Terra blockchain. According to the latest twitter of terraform labs, the blockchain will resume activity in about 9 hours.
According to coingecko, ust traded at $0.103, down 83.7% in 24 hours. Luna fell to a level close to zero, compared with more than $100 before the crash.
