The resident of Kyiv - Yuri Popovich - parted with his almost entire family savings due to UST's price crash.
This Ukrainian Lost All Family Money Due to UST’s Collapse The resident of Kyiv – Yuri Popovich – parted with his almost entire family savings due to UST’s price crash.
The Terra fiasco has had terrible consequences for numerous investors around the globe. One of them was reportedly the Ukrainian citizen – Yuri Popovich – who invested approximately $10,000 into the stablecoin UST and had lost almost everything.Cryptocurrencies and stablecoins could be employed as an investment tool in times of financial turbulence and negative events .
Nonetheless, at the beginning of the month, the asset lost its peg against America’s national currency and currently hovers at a mere $0.06. Popovich revealed that due to this crash, his investment melted to $500.“I stopped sleeping normally, lost 4kg; I often have headaches and anxiety. My wife still doesn’t know about this loss. I don’t know how to tell her.”
Popovich noted that the current living conditions in Ukraine are extremely tough. With that said, UST’s crash and the consecutive “colossal amount” which the family parted with would make their lives even more challenging:“This is a colossal amount for us, and in the current situation, it is critically important for life. I fear for my wife’s health, my health, and our relationship. I don’t even know how it will end.
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