| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Singapore |
| Sector | Web3 |
| Total raised | $200M |
| Collapse type | Fraud Explosion |
| Founder | Do Kwon |
Terraform Labs / Terra
"Algorithmic stablecoin wiped $40B in 72 hours in a death spiral"
Sudden collapse triggered by fraud exposure
Key Events Timeline
Terraform Labs built the Terra ecosystem, anchored by the UST algorithmic stablecoin pegged to $1 through an arbitrage mechanism with the LUNA token.
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