Do Kwon has become the spokesperson for one of the biggest scams in cryptocurrency history.
He built:
• $LUNA2
→ Market Cap $45 billion
• $USTC
→ Market Cap $18 billion
In less than 2 days, everything collapsed.
Lost $60 billion.
This is the frightening aspect of algorithmic stablecoins.
He built:
• $LUNA2
→ Market Cap $45 billion
• $USTC
→ Market Cap $18 billion
In less than 2 days, everything collapsed.
Lost $60 billion.
This is the frightening aspect of algorithmic stablecoins.
