Tuesday 17 May 2022 03:52 AM Terra Luna crypto crash has investors suicidal as friends seek retribution for ... trends now
Just a week ago it was one of the world's biggest cryptocurrencies, but after a coordinated attack on its systems, Terra Luna is now worthless.
The financial massacre didn't just leave thousands of keen investors millions out of pocket, it also sent many spiralling into dark mental health holes - some so bad they even attempted suicide.
Others were forced to hide in their homes as their friends furiously attempted to confront them, banging on their door demanding answers and retribution.
On the sub-Reddit for TerraLuna, the main place of discussion for the self-described 'LUNAtics', one terrified investor today asked for advice.
'My friends who I recommended Luna to all hate me now,' they wrote.
'Many angry calls and loud knocking at my door from former friends I told to buy Luna early, I feel like s**t we all lost our life savings and they have kids. What do I do?'
The drop in Terra Luna happened almost overnight
The volatile cryptocurrency has lost all of its value
Terra Luna, which was once in the world's top few cryptocurrencies, began to falter on May 8, with many investors cutting their losses and selling off their coins.
Similar to a run on the banks, the selloff triggered a death spiral, making the cryptocurrency worthless.
TerraUSD, a stablecoin system, was always tied to the US dollar in an attempt to create stability and security for investors.
The sudden collapse of both Terra and Luna, wiping billions off its value, didn't just anger investors, it also made many grapple with suicidal thoughts.
'I lost over $450k USD, I cannot pay the bank. I will lose my home soon. I'll become homeless. Suicide is the only way out for me,' one wrote.
'I'm going through some of the darkest, most severe mental pain of my life. It still doesn't seem real that I lost $US180,000… When I make it through this, I'll be stronger
