As Bitcoin started feeling the heat of the ongoing changes in the economy, many prominent coins in the market crashed. $Luna (Terra) Holders observed a major crash this week, among the others. The trading price of the currency dropped almost 99% overnight.
Claim: 8 Confirmed Suicides due to Luna Coin Crash.
Investigation result: The news is baseless and not backed by statistical data. The viral claim is false.
As the big and small investors started exiting the Terra (LUNA) coin, fake news of “8 Confirmed Suicides due to Luna Coin Crash” went viral on Social Media. The information initially started viral on Pakistan-based media outlets and was later picked up by prominent Crypto-related handles on Twitter.
After watching the news of “8 Confirmed Suicides due to Luna Coin Crash” on Twitter, Major International Media outlets started covering the information on their portals, quoting the tweet. However, In our investigation, we found the first source of viral claim to be a Pakistani Twitter handler – “@republicdotpk” found to be spreading baseless news.
Although there are reports of users losing their life savings and quoting to media houses -‘I lost my life savings. One such piece was covered by International Media Outlet – Independent
It’s important to stay strong in difficult moments when many people lost their life savings due to the Terra (LUNA) Coin crash. Unfortunately, the claims like one that went viral on Social Media shattered people’s hope.
If you are experiencing feelings of distress and isolation or are struggling to cope, The Samaritans offer support; you can speak to someone for free over the phone, in confidence, on 116 123 (UK and ROI), email firstname.lastname@example.org, or visit the Samaritans website to find details of your nearest branch.
If you are based in the US and you or someone you know needs mental health assistance right now, call National Suicide Prevention Helpline on 1-800-273-TALK (8255). The Helpline is a free, confidential crisis hotline available to everyone 24 hours a day, seven days a week. If you are in another country, you can go to www.befrienders.org to find a helpline nearby.