How This Man Just Caused a 45 BILLION Crash Terra

How This Man Just Caused a $45 BILLION Crash [Terra Luna]

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Do Kwon thought he could rule the crypto world with Terra Luna, instead what followed was the largest failure to occur in the crypto space.
Correction at 1:58 I showed the screenshot of the wrong project, it’s supposed to be ‘Basis Cash’, not ‘Basis Markets’. Sorry about that.

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Sources:

Personal interviews with sources at Terra Labs

https://www.coindesk.com/business/2022/05/08/ust-briefly-loses-peg-luna-drops-10/

https://www.bloomberg.com/news/articles/2022-05-15/luna-crash-this-crypto-insider-warned-of-terra-ust-s-collapse

https://www.coindesk.com/layer2/2022/04/22/built-to-fail-why-terrausds-growth-is-giving-finance-experts-nightmares/

https://www.euronews.com/next/2022/05/12/terra-luna-stablecoin-collapse-is-this-the-2008-financial-crash-moment-of-cryptocurrency

https://decrypt.co/100434/what-happened-terras-bitcoin-reserve-ust-luna-crashed

https://fortune.com/2022/05/13/terra-ust-stablecoin-crash-suspicious-potential-attack-george-soros/

https://coinjournal.net/news/the-10-million-luna-twitter-bet-who-will-win/

https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/

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34 comments

  1. Through The Web Podcast episode where we discuss this story: https://www.youtube.com/watch?v=X0NSChiMaEc

  2. Dari Lensa Harith Ariffin

    That was a lot of money

  3. This isn't a horror story, it's a comedy.

  4. Nice vid bro 👌

  5. Will Luna Bounce Back ? Possible Revive ?

  6. Thank God, Just a day before crash we sold all of Luna.

  7. Despite the dip in crypto, i still thank you for the level-headed financial advice. I started forex and crypto investment with $4,345 and since following you for few weeks now, I've gotten $18,539 in my portfolio. Thanks so much Mrs. Natalia Watson.

  8. only a crypto noob would lose all their cash one one coin. or just 100% in crypto in general. unnecessary risk when there are so many things to invest in today

  9. You cant avoid the speculation if ur in crypto, thats just stupid. Im in crypto too and yes i didn’t expect this but always prepare to lose anything.

  10. How can you hear 20% returns and not immediately think 'Ponzi scheme!!'

  11. Another informative documentary from Cold Fusion.! I’m glad that I never got involved in cryptocurrency — not that it is all bad by any means — but . . . . !

  12. Mr Marketprenuer

    Coordinated attack to get YOU to put your funds back into traditional investments. Hear me now, we will not go back!!!! We will use this as a lesson and keep moving forward with technology and grace!

  13. Looking at the massive supply, do you guys think burning Luna and forking it will be enough?
    I have invested in Luna after the Crash in hope to get some fork but very skeptical about it's future

  14. lol

  15. 👉 𝚌𝚘𝚗𝚝𝚊𝚌𝚝 +𝟷𝟽𝟽𝟺𝟺𝟾𝟸𝟺𝟹𝟶𝟸 𝚘𝚗 𝚠𝚑𝚊𝚝𝚜 𝚊𝚙𝚙

    👆 I really appreciate the above number for helping me recover back my stolen funds from scammers indeed he is an expert
    👆👆👆

  16. 👉 𝚌𝚘𝚗𝚝𝚊𝚌𝚝 +𝟷𝟽𝟽𝟺𝟺𝟾𝟸𝟺𝟹𝟶𝟸 𝚘𝚗 𝚠𝚑𝚊𝚝𝚜 𝚊𝚙𝚙

    👆 I really appreciate the above number for helping me recover back my stolen funds from scammers indeed he is an expert
    👆👆👆

  17. 👉 𝚌𝚘𝚗𝚝𝚊𝚌𝚝 +𝟷𝟽𝟽𝟺𝟺𝟾𝟸𝟺𝟹𝟶𝟸 𝚘𝚗 𝚠𝚑𝚊𝚝𝚜 𝚊𝚙𝚙

    👆 I really appreciate the above number for helping me recover back my stolen funds from scammers indeed he is an expert
    👆👆👆

  18. 👉 𝚌𝚘𝚗𝚝𝚊𝚌𝚝 +𝟷𝟽𝟽𝟺𝟺𝟾𝟸𝟺𝟹𝟶𝟸 𝚘𝚗 𝚠𝚑𝚊𝚝𝚜 𝚊𝚙𝚙

    👆 I really appreciate the above number for helping me recover back my stolen funds from scammers indeed he is an expert
    👆👆👆

  19. 👉 𝚌𝚘𝚗𝚝𝚊𝚌𝚝 +𝟷𝟽𝟽𝟺𝟺𝟾𝟸𝟺𝟹𝟶𝟸 𝚘𝚗 𝚠𝚑𝚊𝚝𝚜 𝚊𝚙𝚙

    👆 I really appreciate the above number for helping me recover back my stolen funds from scammers indeed he is an expert
    👆👆👆

  20. 👉 𝚌𝚘𝚗𝚝𝚊𝚌𝚝 +𝟷𝟽𝟽𝟺𝟺𝟾𝟸𝟺𝟹𝟶𝟸 𝚘𝚗 𝚠𝚑𝚊𝚝𝚜 𝚊𝚙𝚙

    👆 I really appreciate the above number for helping me recover back my stolen funds from scammers indeed he is an expert
    👆👆👆

  21. This guy should be arrested. He scammed hundreds of thousands.

  22. WhoIsGoLDENRaTi0

    After losing $300 in doge diamond handing till 0.18c, I told myself id never buy another coin. Very glad I learned my lesson

  23. I put once 100$ on Safemoon and it is worth of 0$ right now. I would never buy such tokens anymore …

  24. Do Kwon flew too close to the sun.

  25. Maybe, just maybe, its just one huge pyramid scheme guaranteed to fail

  26. It s not this guy.it s the investors themself pouring 45billion into ponzi protocol

  27. Noise!

  28. Everyone read & learn from The Bitcoin Standard. So many lost so much because they blindly put their money into a system that was super centralized & there was too much trust put into one person. Humans will always make mistakes.

  29. DO KWON is read backwards as NOW KO"D

  30. Actually who is paying those interest and how?

  31. Ricardo Ospina

    20% guaranteed interest rate, sorry my friends that's a massive red flag. Promised unreasonable returns are a classic part of Ponzi schemes, also I go by something Warren Buffet's says, don't buy things you don't understand.

  32. The important of using a financial advisor when making crypto investments cannot be over emphasized. Immediately UST was depegged from the USD, Luna going down was inevitable. A financial Advisor would have seen this coming and would have moved whatever funds he/she has in LUNA and UST and probably even short the market using leverage trading to profit from the dip.

  33. Caesar Augustus

    My heart goes out to those who were nuked by this scam but I am so happy to have shorted this all the way to <$0.0001.

  34. Ilya Sutskever

    I totally agree with what you are saying …. <The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion and think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 16.6 BTC in just three weeks, with the trading strategy given to me by expert trader Kathleen Rife.