The Terra Dapp Expo, slated for June 9 and 10 in Austin, Texas, has been canceled, based on the expo’s official Twitter feed.
“We’ve been monitoring the group responses to the concept of TDX persevering with, and after cautious deliberation we now have sadly determined to cancel the occasion. The choice was not made evenly and is crushing information for everybody concerned,” the expo organizers stated on Twitter.
Over the previous week, the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in massive losses for these uncovered to the market. The ensuing chaos finally led to stoppages of the Terra blockchain and market buying and selling halts because the circulating provide of Luna skyrocketed.
The organizers went on to say in one other tweet that “there have been severe threats made out of understandably upset people who’ve misplaced all the things on this crash – and we do not need to danger anybody’s well being/life.”
They added: “We will say that USD ticket purchases will likely be refunded, so please be affected person with us as we work in direction of processing these – there will likely be updates over the approaching days.”