⚠️ Get ready to learn the background of the#LUNAand#USTaccident (attack), here are the details🔽
▶️As you know, FTX is operating again, I would like to briefly and clearly talk about the importance of this for #LUNA.
🆘 @GenesisTrading is a lending institution, very shortly before the crash Genesis received ammunition from @terra_money to mount a peg attack ($UST de-peg) under the name 'Interest in participating in the Terra DeFi ecosystem'. (#USTcurrently worth $1 billion#USTC)
▶️ @AlamedaResearch, as you know, was a crypto trading company with a partnership with @SBF_FTX, very interestingly, when the attack started, @AlamedaResearch was buying 9-digit Bitcoin from @investvoyager company and collecting additional ammunition from many companies, during this time, according to Terra and Do Kwon's claim, LFG, that is, It is clear that the Luna foundation would defend against the attack, thus they blocked the LFG reserves and forced#USTto de-peg.
▶️This issue is well known to the public, but with the major foreign exchange contraction that $UST, that is, the current #USTC, experienced in February 2021, Alameda also sold#USTworth $ 500 million to empty the pools during the MIM (fixed at $ 1, designed) crisis. There is a claim that the attack was launched by @stablekwon.
▶️Footnote; Terra administrators self-criticize and conclude that it does not matter whether #UST, the current #USTC, is attacked or not, the decentralized money earned must be robust and able to withstand extremely harsh conditions. UST says it was not strong. However ; 🔽
🦾 He said it was poetic justice that Alameda initiated the events that would ultimately lead to their deaths.