coindesk.com
Terra validators pulled the plug (at least temporarily) on their embattled network late Thursday New York time, Terra’s official twitter tweeted, as they searched for answers to a crisis that’s demolished UST and LUNA prices, on-chain stability and billions of dollars in wealth.
“The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it," the tweet said.
The project’s Discord community was despondent in response.
“Whatever the do, they need to bring in the A team, people from the big leagues that know what the f*ck to do in a crisis. We need Sean Connery from The Rock level nerves and determination rn. Anything is possible in the space with the right people, good ideas and capital. Make it happen Terra. See ya in an hour,” said Kenboi_Ninja on the #general chat (where users can post once an hour).
Luna's price traded around 0.65 cents at the time the network was halted, down from 74 cents over the past 24 hours.