GAM Holding to investigate false $3B Terra bailout report
A press release stated asset manager GAM Holding could be injecting $3 billion into failing stablecoin Terra (UST) — turns out, it’s fake.
A press release stated asset manager GAM Holding could be injecting $3 billion into failing stablecoin Terra (UST) — turns out, it’s fake.
The Swiss-registered firm says sanctions are based on ‘untrue’ and ‘unfounded’ claims. And it may hit back with charges of its own.
The stablecoin’s recent crash has wiped $17.5 billion from the raft of projects banking on its success.
Armstrong admitted that, while Coinbase’s Prime and Custody customers had “strong legal protections in their terms of service,” retail customers didn’t.
Mr Goxx Jr. has a swankier set up than his predecessor but so far the latest crypto trading hamster has had to battle a Bitcoin downturn.