XRP Ripple news today: TerraUSD Crash Led to Vanished Savings, Shattered Dreams – Lessons for Crypto

Published on May 30, 2022

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XRP Ripple news today (5/29): TerraUSD Crash Led to Vanished Savings, Shattered Dreams

Frank Chou Crypto Show Ep. 14:
► TerraUSD Crash Led to Vanished Savings, Shattered Dreams

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TerraUSD Crash Led to Vanished Savings, Shattered Dreams
https://www.wsj.com/articles/terrausd-crash-led-to-vanished-savings-shattered-dreams-11653649201?st=ybzq2846xvnkpkz&reflink=desktopwebshare_permalink

⏱️CHAPTERS⏱️
00:00 Intro
02:37 TerraUSD Crash Led to Shattered Dreams
04:00 WSJ Article Start
07:10 TerraUSD & Anchor Protocol
11:00 Terraform Labs Blames Investors
11:34 Example, Surgeon Lost Almost $200K
13:41 Investor Lost More Than $400K
15:47 How it was Supposed to Work
16:33 Former Teacher Took $95K Loan, Lost it All
17:07 Closing thoughts

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About Frank Chou:

Finance Director with over 10 years of experience implementing finance best practices for multi-billion-dollar companies serving both domestic and international marketplaces in the manufacturing, distribution/fulfillment, and mining sectors.

*Some products and/or links that appear on this video and channel are from companies from which Frank Chou may earn a referral bonus and/or an affiliate commission. This video is accurate as of its posting date.

DISCLAIMER: I’m not a financial advisor/planner. The videos on this channel are for educational/entertainment purposes only. Investments in cryptocurrencies or securities are not guaranteed to increase in value, consult your own advisor/planner when making personal investment decisions.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection

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What Happened to Ripple Cryptocurrency

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