While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

Company details

  1. Cryptocurrency Service

Information provided by various external sources

Terra is a price-stable cryptocurrency that will power the next-generation payment network and grow the real GDP of the blockchain economy.


Contact info

You should know

2.3

Poor

TrustScore 2.5 out of 5

8 reviews

5-star
4-star
3-star
2-star
1-star

How this company uses Trustpilot

See how their reviews and ratings are sourced, scored, and moderated.

Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

Do Kwon and his team are scammers.

I trusted Terra for four years. I watched Do Kwon do interviews and promise that my money would be safe. He seemed smart. I believed what he said. I thought he was honest.
Then everything went wrong. I lost thirty-four thousand dollars of my savings in a few days. It happened fast. I watched as my money disappeared. Every time I checked my account it was like my money was vanishing into air. I could not sleep. My hands were shaking when I used my phone to check my account.
They said it was something called "pegging". I think it was just stealing. Do Kwon and his team took my money.
After Terra failed the people in charge disappeared. Do Kwon stopped talking. Then he ran away. He did not give anyone their money back. He did not say sorry. He just wrote a message on Twitter about starting something. My family and I were saving that money for a house.
I felt really bad about myself. I was ashamed. My wife asked me where our money went and I did not know what to say.
For a time I thought I would never get my money back. Then I found out about Poma Advisory. Someone told me about them in a group for people who lost money on cryptocurrency. I sent them all the information they needed. They helped me. They worked on it every week.
I lost thirty-four thousand dollars. Then I got thirty-four thousand dollars back. I got all of my money back.
That does not make me forget how scared I was. I still get really upset when I hear about things like algorithms.
Do Kwon hurt a lot of people. They lost sixty billion dollars. He is still there.
If you lost money on Terra you should talk to Poma Advisory. They helped me when no one else would.
You should stay away from anything that Do Kwon is involved with. Stay away, from Terra and Do Kwon.

January 12, 2026
Unprompted review
Rated 1 out of 5 stars

The Terra collapse remains the biggest…

The Terra collapse remains the biggest financial loss I’ve ever taken. I lost several thousand dollars when UST lost its peg and LUNA began hyper-inflating. It happened too fast for anyone to react.

Bloomberg, Forbes, and The Guardian all reported the collapse as one of the largest in crypto history (“TerraUSD Crash Sends Shockwaves”, Bloomberg, May 2022). The speed of the crash was unbelievable.

Emotionally, this one hit the hardest. I wasn’t dealing with a failed exchange I was dealing with a complete ecosystem implosion. I still keep screenshots from that week because it felt surreal watching everything collapse in real time.

References:
– Bloomberg, “TerraUSD Crash Sends Shockwaves”
– Forbes timeline of Terra collapse
– The Guardian, “Crypto Market Meltdown After UST Crash”

February 3, 2025
Unprompted review
Rated 1 out of 5 stars

An authorized sca!!!

An authorized sca!!!. I did a bank transfer to Italy at Publix through Western Union and realized the day after that this Terra took care of the transfer deducting 50 extra dollars.from the money wired. I assume for the "instant transfer"...a service. I never requested!!!!I am going to the police to report the circumstance.

January 4, 2024
Unprompted review
Rated 1 out of 5 stars

Terra network and its leader Scam

Terra network and its leader, Do Kwon Scamer, rose to prominence in the cryptocurrency world over the course of four years, all ending in a disastrous fall from grace. The Luna crypto network collapsed in what’s considered the largest crypto crash ever, with an estimated $60 billion wipeout, shaking the global digital currency market.

December 12, 2022
Unprompted review
Rated 1 out of 5 stars

Dont buy this crypto

This project started again as the Terra Classic project.
It will pump and while it will pump they will block your coins and even binance will do the same.
They are regulated scammers. Even regulators dont try to do a thing on them.

October 8, 2022
Unprompted review
Rated 3 out of 5 stars

It's strange that there aren't any…

It's strange that there aren't any reviews, but the link seems to lead to the official Terra site.
The company was perspective, until I lost all my funds due to the flash Luna crash few days ago.

May 13, 2022
Unprompted review
Show reviews in all languages. (8 reviews)

Is this your company?

Claim your profile to access Trustpilot’s free business tools and connect with customers.

Get free account

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

Learn more about other kinds of reviews.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look