Delphi Digital Loses Its Entire LUNA Investment - Aliens: AI Crypto News & Markets Updates
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Delphi Digital Loses Its Entire LUNA Investment

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U.Today

Thu, May 19, 2022

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The billionaire said that his widely mocked LUNA tattoo would be a reminder that investing "requires humility." Delphi Ventures , the fund of cryptocurrency research firm Delphi Digital, has lost approximately $10 million after the implosion of Terra's LUNA, according to a recent blog post.

Yet, Terra accounted only for 13% of the fund's net asset value (NAV) across Delphi Ventures at the price peak.

American billionaire investor Bill Ackman recently opined that Terra was a textbook pyramid scheme, which is why its downfall was easily predictable.

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