A Collapse that Consumes Lives: Personal Losses Behind the Fall of Terra
1. A Devastating Collapse in Real Time
A Reddit user poignantly shared on r/TerraLuna:
"I lost all my life savings. I bought Luna at $85, I don’t know what to do."
Another summed up the pain even more clearly:
"I lost over $450,000. I can’t pay the bank. I will lose my house soon. I will be homeless. Suicide is the only way out for me."
These are raw human reactions to the complete erasure of what people considered their future.
2. The Surgeon Who Lost a Decade's Savings
A Wall Street Journal article highlighted a 44-year-old American surgeon who had put $177,000—savings built over 10 years—into Terra through a cryptocurrency app called Stablegains, only to later find out that his deposits had been converted to TerraUSD (UST). When the collapse happened, his hard-earned nest egg evaporated. Although he plans to rebuild, the loss was deeply personal.
3. A Desperate Bet on Anchor Yield
Another tragic story came from a 37-year-old man in Chengdu, China. Struggling with malignant cancer, he invested $90,000 in UST, hoping to generate recurring income with the 20% yield offered by Anchor. Within days, as UST depegged, his possessions plummeted to less than $3,000, destroying a substantial part of what he had left.
4. Yes, I too am a Victim - I lost nearly 7 digits of $Luna
What do you all think? How to prevent something like this in the future?$LUNA