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Cryptopolitan 2022-05-23 09:43:43

Terra admits to facing technical issues in resuming LUNA and UST transfer

Early Monday, Terraform Labs team admitted to facing roadblocks in re-enabling a transfer function for LUNA and UST, which was temporarily stopped to save users from further losses during the debacle. After the UST stablecoin lost peg, the network’s IBC (Inter-Blockchain Communication) channels were closed to prevent impermanent loss of UST and LUNA pools on...

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