[https://m.economictimes.com/markets/cryptocurrency/new-york-ag-raises-red-flag-on-cryptos-industry-highlights-the-need-for-regulations/articleshow/92000710.cms](https://m.economictimes.com/markets/cryptocurrency/new-york-ag-raises-red-flag-on-cryptos-industry-highlights-the-need-for-regulations/articleshow/92000710.cms) >"The local AG was referring to the collapse of Terra's native token LUNA, which wiped out more than $50 billion in less than 100 hours last month, after its sister concern and algorithmic stablecoin USD Terra (UST) was 'depegged' from its value.She said tha virtual digital assets, from the newbies to old behemoths- have ample risks associated with them and have dived sharply from their peaks."