The Terra Dapp Expo, slated for June 9 and 10 in Austin, Texas, has been canceled

According to the Expo official Twitter feed, the Terra Dapp Expo, slated for June 9 and 10 in Austin, Texas, was canceled.

Terra Dapp Expo canceled following chaotic week for Terra network

“We have been monitoring the community responses to the idea of TDX continuing, and after careful deliberation, we have sadly decided to cancel the event. The decision was not made lightly and is crushing news for everyone involved,” the Expo organizers said.

Over the past week, the related crisis between stablecoin UST and Terra’s native asset Luna has resulted in massive losses for those with market exposure. The result was chaos that eventually led to a shutdown of the Terra blockchain and market trading to a halt as Luna’s circulating supply skyrocketed.

In another tweet, the organizers said that “there have been serious threats made from understandably upset individuals who’ve lost everything in this crash – and we don’t want to risk anyone’s health/life.”

They added: “We can say that USD ticket purchases will be refunded, so please be patient with us as we work towards processing those – there will be updates over the coming days.”

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