Crypto crisis in Ukraine: No money left after the war

by Russia from the invasion of Ukraine Afterwards, hundreds of Ukrainian citizens started buying cryptocurrencies. However, in recent weeks collapse in the crypto worldled to the impoverishment of the Ukrainians.

Ukrainian, who trusted crypto money, lost all his savings

According to the news in the Guardian, living in Kiev Yuri Popovich Almost all the savings of a citizen named disappeared. With the start of the war, all his money TerraUSD The investor, who turned it into a stablecoin named 10 thousand dollars in loss said that.

Saying that he did not want to keep his money in cash after the invasion of Russia, Yuri Popovich thought it would be right to turn to cryptos. “It was impossible and unsafe to store money in the form of banknotes,” the Ukrainian man said, not wanting to take the risk by buying a stablecoin.

stablecoin for those who don’t knowLike other cryptocurrencies, it does not have any investment risk. “Algorithmically indexed to the US dollar”terra”, “tether” and “USD coinStablecoins such as ” are preferred as a reference when trading in the crypto world.

However, the crisis in the Terra network since last week has resulted in the deletion of almost $1 trillion from the entire cryptocurrency exchange. about 1 month ago LUNA with $100while nowadays 0.00024 dollars looks like a value.

With the collapse of cryptocurrencies Speaking to the Guardian, the Ukrainian investor said:

“I stopped sleeping normally, I lost 4 kilos. I often have a headache and worry. My wife still does not know about this loss. I don’t know how to tell him either.”

Although Yuri Popovich does not say how much money he lost, Less than $500 of your $10,000 investment He said it was worth it. The investor also stated that he is concerned about the health of both his wife and himself.

What do you think about the cryptocurrency crisis affecting the Ukrainian people? You can share your thoughts with us in the comments section.