Ukrainian lost all his family savings during the collapse of the Luna cryptocurrency

The collapse of the Terra crypto project (which was not helped by a relaunch) had terrible consequences for numerous investors around the world (some even committed suicide).

One of the victims was a Ukrainian citizen, Yuriy Popovych, who invested about $ 10,000 (his family’s entire savings) in the UST stablecoin and lost almost everything.

It is believed that cryptocurrencies and stablecoins can be used as an investment tool in times of financial turmoil and various kinds of crisis events (such as the Russian invasion of Ukraine).

Based on this assumption, Yuriy Popovych from Kyiv invested all his family’s money in the UST stablecoin. «I'm not a speculator, I just wanted to save money,» the man assures.

Nevertheless, at the beginning of the month, the asset lost its peg to the US dollar and is now Coinbase.com/ru/price/terrausd">hovering around $ 0.025. Popovych said that because of this drop, his investment has decreased to $ 250.

The health problems that followed are not the only difficulties Yuri has faced: «I stopped sleeping properly and lost 4 kg. I often have headaches and anxiety. My wife still doesn’t know about this situation. I don’t know how to tell her about it…»

Yuriy does not see any way out of the situation: «This is a huge amount of money 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.»