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.