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May 14, 2022
by Usha Yadav
Terra Dapp Expo, Slated for June 9 and 10 in Austin, Got Cancelled
According to the Terra Dapp Expo's official Twitter feed, the event scheduled for June 9 and 10 in Austin, Texas has been canceled.
“We have been monitoring the community responses to the idea of TDX continuing, and after careful deliberation we have sadly decided to cancel the event. The decision was not made lightly and is crushing news for everyone involved,” the expo organizers said on Twitter.
Over the past week, the related implosion of the algorithmic stablecoin UST and Terra's native Luna asset resulted in significant losses for individuals exposed to the market. As the circulating supply of Luna increased, the accompanying turmoil resulted in Terra blockchain outages and market trading halts.
"There have been significant threats made by understandably furious individuals who've lost everything in this disaster - and we don't want to risks anyone's health/life," the organizers added in another tweet.
They added: “We can say that USD ticket purchases will be refunded, so please be patient with us as we work towards processing those - there will be updates over the coming days.”
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.