$40 billion, gone in three days.
In 2018 two founders in Seoul set out to build a digital dollar. By May 2022 their stablecoin UST and its twin token $LUNA had collapsed and taken everyone's savings with them.
This documentary (Hinglish narration, 9 min) covers how the machine worked, the 20% yield that filled it, the three days that broke it, the man who ran, and the one question to ask before you trust the next "safe" yield.
Did you hold any LUNA or UST in 2022?
Education only, not investment advice.
In 2018 two founders in Seoul set out to build a digital dollar. By May 2022 their stablecoin UST and its twin token $LUNA had collapsed and taken everyone's savings with them.
This documentary (Hinglish narration, 9 min) covers how the machine worked, the 20% yield that filled it, the three days that broke it, the man who ran, and the one question to ask before you trust the next "safe" yield.
Did you hold any LUNA or UST in 2022?
Education only, not investment advice.