The Terra blockchain was shut down and later restarted

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The Terra blockchain was shut down and later restarted

posted on May 13, 2022 by in Blockchain

Terra validators shut down the network. This is according to Terra’s official Twitter account.
Developers are now looking for a reason why UST and LUNA prices.
“Terra’s blockchain has officially stopped at a block of 76.07789. Terra validators have halted the network to develop a plan to rebuild it,” the tweet reads.
The Binance exchange delisted LUNA/USDT futures and launched LUNA/BUSD contracts with a maximum leverage of 8x.
The network later restored its operation with the implementation of the new code.

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