🚨 From $45B Glory to Total Collapse
🔥 The Shocking Rise & Fall of Terra (LUNA & UST) – A Crypto Cautionary Tale!
📌 1. Birth of a Giant – 2018
🚀 Terraform Labs launched by Do Kwon & Daniel Shin.
💵 Introduced UST, an algorithmic stablecoin pegged to USD via mint/burn with LUNA, but not backed by real assets.
📈 2. Booming Growth – Too Good to Last
💰 Anchor Protocol promised 20% APY on UST.
⚠️ Attracted billions — but experts warned it was unsustainable.
💣 3. The 2022 Crash – A Domino Effect
📉 Massive UST withdrawals
💥 Depeg triggered panic
🌀 LUNA hyperinflation
💸 Over $40 billion wiped out in days!
⚖️ 4. Legal Storm
👨⚖️ Investors lost life savings
✈️ Do Kwon arrested with fake passport
🇺🇸 Extradited to the U.S., found guilty of fraud
💵 Terraform Labs settled with SEC for $4.47B
🔁 5. Terra 2.0 – A Rebirth Attempt
♻️ Old chain: Terra Classic (LUNC)
🆕 New chain: Terra 2.0 (LUNA)
🎁 Airdrops launched — but trust never fully returned
🧠 6. Hard-Hitting Lessons
❌ Algorithmic stablecoins = high risk
⚠️ High yields = not always safe
🏗️ Overdependence on Anchor = ecosystem collapse
🔍 Lack of transparency = regulatory trouble
💔 Investor damage = real and lasting
📚 Conclusion: No Blockchain Is Too Big to Fail
The Terra disaster proves that without transparency, real reserves, and proper risk management, even the most hyped crypto projects can implode.
📉 Let Terra’s collapse be your wake-up call — not just a memory.
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