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Terra trauma: Investors lick their wounds amid cryptocurrency implosion

“De-Fi darling” UST, Luna serve up lessons to the crypto world

 எஸ். வெங்கடேஷ்வரன்

எஸ். வெங்கடேஷ்வரன்

Published Fri, May 20, 2022 · 06:49 PM
    • Coming as perhaps the darkest moment in crypto’s history so far, Singaporean investors in TerraUSD or Luna had to endure losses ranging from a few hundred dollars to more than five-digit.
    • Coming as perhaps the darkest moment in crypto’s history so far, Singaporean investors in TerraUSD or Luna had to endure losses ranging from a few hundred dollars to more than five-digit. PHOTO: REUTERS

    YOUNG, with no steady stream of income, and buying into the popularity of the crypto - Berkley Lee started her foray into cryptocurrency investments when she turned 18 in January this year.

    With a diet of crypto news from YouTube videos, Instagram pages and Twitter, she learnt about the virtual currency space all by herself. Her main motivation - to amass enough capital to fund her dream of starting her own restaurant.

    “I invest in both regular stocks and crypto. My mom told me to start investing since young,” Lee said. “Crypto is a gamble, but it’s a calculated gamble. There are things you can do to prevent your downfall. It’s not stable enough to put your life savings, but there’s a lot of potential.”

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