Terra

<ul class="news-points"> 
 <li>A prominent crypto figure has criticized South Korea’s National Pension Scheme for investing in Coinbase.</li> 
 <li>The critic argued the pension fund undertook such an investment despite Coinbase’s involvement in Terra Luna.</li> 
 <li>However, a researcher claimed the $19.9 million invested is a paltry sum, accounting for 0.0002%.</li> 
</ul> 
A prominent figure in the crypto community has called out South Korea’s National Pension Scheme, criticizing the agency for its investment adventure with the leading U.S.-based <a href="https://coinedition.com/tag/coinbase-news/">crypto exchange Coinbase</a>. 
In a recent tweet, X user “Parrot Capital,” with a significant following on the platform, argued that the South Korean pension fund undertook a risky investment endeavor by committing multi-million dollars in the share of Coinbase. 
The foundation of Parrot Capital’s criticism was that Coinbase had backed the failed South Korean crypto project Terraform Labs (TFL). TFL was the project team behind the collapsed cryptocurrency LUNA and UST stablecoin.&nbsp; 
In the tweet, the critic included a screenshot of a 2021 report confirming that Coinbase and Galaxy had ‘bet’ $25 million on decentralized finance using Terra stablecoin. The report ment…
The post <a href="https://coinedition.com/south-korea-pension-fund-faces-backlash-for-19-9m-investment-in-coinbase/">South Korea Pension Fund Faces Backlash for $19.9M Investment in Coinbase</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

South Korea Pension Fund Faces Backlash for $19.9M Investment in Coinbase

Coin Edition

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