UST Luna - The Biggest COLLAPSE in Crypto History
2 years ago
6
Bankless
158K subscribers
We’re currently watching one of the the largest events in Crypto history.
The sketchy outlook in the markets has triggered a run on the UST stablecoin, which began destabilizing in the last several weeks.
As time progressed, the peg worsened, and it eventually rolled over into a complete crash of both the value of UST, and the native asset LUNA.
What led to the crash? Was it a coordinated attack, or an inevitable collapse?
What Red Flags were there ahead of time? What’s the fallout from all of this? What lessons can we learn?
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