Feature: Hashed Wallet Takes $3.5B Hit; Delphi Discloses Loss After Terra Collapse
The disintegrate of the tokens related to the Terra ecosystem, stablecoin terraUSD (UST) and luna (LUNA), has triggered a few most vital clients coming easy and detailing their losses.
Take Hashed, an early-degree venture fund primarily based totally absolutely genuinely in Seoul, South Korea. The business enterprise achieved a element in Terra’s 2021 venture round, in which it helped raise $25 million, in step with Crunchbase information.
“We were right now inspired with the sophistication in their mechanical layout and execution speed,” Hashed wrote approximately Terra in 2019.
Publicly, Hashed has stated that they are “financially sound” and Hashed Ventures has now no longer been laid low with the crisis.
But on-chain information indicates that the business enterprise had staked over 27 million in LUNA at the Columbus three mainnet, 9.7 million in LUNA for the Columbus four mainnet, and 13.2 million in LUNA at the contemporary Columbus five mainnet. Hashed did now no longer reply to a request for commentary from CoinDesk thru press time.
Delphi Digital, a studies business enterprise and boutique investor, admitted in a weblog positioned up that it constantly had troubles approximately the shape of UST and LUNA, however believed that the outstanding belongings located withinside the Luna Foundation Guard could likely save you the unthinkable from happening.
"however the reality is we miscalculated the hazard of a 'loss of lifestyles spiral' occasion coming to fruition. We’ve taken a few warmth for this over the past week, and we deserve it. The grievance is simple and we take delivery of it,” the business enterprise wrote.
