Terra says it has halted blockchain for second time in 24 hours

With its native token LUNA and stablecoin UST in freefall, Terra says it has halted its blockchain for the second time in 24 hours.

In a tweet posted at 10:13pm Eastern Time, Terra said its blockchain “has officially halted at block 7607789.”

“Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come,” it continued.

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