Meanwhile, as some use the UST collapse to take a dig at the entire industry, some have tried to defend crypto. In an interview with Cointelegraph, Huobi Global co-founder Jun Du said that "one bad apple in the short run will not affect [the] long-term demand for crypto."
Of course. Othervise crypto would already be dead after silk road, mtgox, onecoin or bitconnect. No matter what scammer X do. Bitcoin will always be here.
Terra posted three new revisions to its revival plan.
Their plan was to back oce coin with second coin. It failed. Now their plan is to issue third token to rebuild value for the 2 that collapsed. Its it doomed to failure.