May 13 2022

Celsius Network Pulls Out Over $500M From Terra’s Anchor Protocol

published by Rahul Nambiampurath
in blog Ethereum World News
original entryCelsius Network Pulls Out Over $500M From Terra’s Anchor Protocol

anchor protocol celsius cryptocurrency luna news stablecoin terra terra (luna) ust

Celsius Network has pulled out over $500 million from Anchor Protocol. Anchor Protocol is a lending and borrowing protocol on the Terra network, which is currently experiencing an exodus of funds. Both LUNA and UST continue to crash as stakeholders attempt a rescue. The Terra network is seeing the exodus continue, with the Celsius Network exiting Anchor Protocol. The borrowing platform has removed...

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