Binance to delist LUNA/USDT contracts, Terra blockchain halted
Crypto exchange Binance announced it would be taking "precautionary measures" on its LUNA/USDT perpetual contracts, intending to delist the pair if the price dips below 0.005 USDT, which has already happened.
Binance stated that it would launch BinanceUSD (BUSD)-margined LUNA futures contracts, apparently as an alternative investment vehicle in the event of a LUNA/USDT delisting.
In addition, according to an official announcement on Twitter, the Terra blockchain has been halted at block height 7603700 to prevent governance attacks following severe LUNA inflation. The supply of the token has swelled to 3.45 billion tokens. Such massive inflation has significantly reduced the cost of potential attacks.
Subscribe now:
t.me/therussianmarket
