{"id":491053,"date":"2022-05-22T16:00:08","date_gmt":"2022-05-22T16:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=491053"},"modified":"2022-05-22T14:14:39","modified_gmt":"2022-05-22T14:14:39","slug":"nox-bitcoin-to-refund-ust-at-1-to-their-customers","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/terra-luna\/nox-bitcoin-to-refund-ust-at-1-to-their-customers\/","title":{"rendered":"Nox Bitcoin To Refund UST At $1 To Their Customers"},"content":{"rendered":"
Nox Bitcoin, a cryptocurrency exchange in Brazil, has taken the unprecedented step of using its own funds to refund customers for their TerraUSD coins at the full rate.<\/span><\/p>\n
Following local media’s report on May 20, the Nox Bitcoin exchange has refunded all UST holders at a $1 rate with Tether’s USDT.<\/span><\/p>\n
The report stated that the crypto brokerage firm paid<\/span> 620,000 Reais ($127,000). The exchange paid the amount to compensate all its customers who lost money due to the Terra ecosystem collapse.<\/span><\/p>\n