LUNA, UST Issuer Terra Restarts Blockchain After Brief Shutdown

A block explorer confirmed the network had restarted after Terraform Labs, the company behind the Terra ecosystem, tweeted that the network had halted at block height 7603700. Terraform said the price of LUNA fell too low to “prevent governance attacks,” citing LUNA inflation as one factor. By late Thursday, LUNA had fallen to less than 1 cent from nearly $120 in early April.

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