Delphi Ventures took a substantial loss after collapse of Terra
, 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 across Delphi Ventures at the price peak. Much ink has been spilled on the LUNA topic, but its spectacular downfall remains on everyone's lips. 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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