CoinShares investment firm reports $21.5 million loss from Terra collapse
In their Q2 earnings report, European cryptocurrency investment firm CoinShares reported that they'd only made $120,000 in net income in the most recent quarter, down from more than $32 million in Q1. They explained this was largely because of an enormous loss that resulted from the May collapse of the Terra ecosystem, costing the firm £17.7 million ($21.5 million).
- "CoinShares reports $21.7M loss tied to Terra implosion", Cointelegraph