With many crypto companies notably finding it difficult to share the extent to which the collapse of TerraUSD (UST) and LUNA coins affected their businesses, Simon Seojoon Kim, the Chief Executive Officer of South Korean venture capital firm Hashed, has revealed how much the firm lost when Terra collapse back in May.
In an interview with Bloomberg, Kim revealed that Hashed acquired as many as 30 million LUNA tokens when the project was still in its infancy. The investment grew alongside the protocol, and at the time when LUNA attained its All-Time High (ATH) back in May, the venture capital investments in the token have grown to $3.6 billion.
Kim did not reveal that Hashed sold any of the tokens prior to the crash but noted that despite the crash, his firm still believes in the potential locked up in the digital currency ecosystem. In light of this, Kim told Bloomberg that Hashed is looking to raise a new funding round with the projection to back gaming protocols building in the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...