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Podcast: Bankless
Episode:

UST Luna - The Biggest COLLAPSE in Crypto History

Category: Business
Duration: 00:52:53
Publish Date: 2022-05-12 00:25:55
Description:

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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