May 13 • 47M

UST Luna - The Biggest COLLAPSE in Crypto History

What happened? And what are the consequences?

Comment
Share
This episode is for paid subscribers
A Premium podcast feed for Bankless Members that includes early access to shows, episode transcripts, and exclusive After the Show recaps.
Episode details
Comments

⬆️ Join The Bankless Nation to listen to the Ad-Free version of this episode 🚀


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?


🎙️ NEW LAYER ZERO

Listen to podcast episode | Apple | Spotify | YouTube | RSS Feed


Bankless Sponsor Tools:

⚖️ ARBITRUM | SCALED ETHEREUM
https://bankless.cc/Arbitrum

ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🏦 ALTO IRA | TAX-FREE CRYPTO
https://bankless.cc/AltoIRA

👻 AAVE V3 | LEND & BORROW CRYPTO
https://bankless.cc/aave

⚡️ MAKER DAO | THE DAI STABLECOIN
 https://bankless.cc/MakerDAO

🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave 


RESOURCES


🏴 JOIN THE NATION 🏴

Subscribe: Newsletter | iTunes | Spotify | YouTube | RSS Feed

Follow: Twitter | Instagram | Reddit | TikTok | Facebook


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

This episode is for paid subscribers