| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Singapore |
| Sector | Crypto |
| Collapse type | Sudden Collapse |
| Founder | Do Kwon, Daniel Shin |
Terraform Labs (Terra/Luna)
"The $60B algorithmic stablecoin that proved math can't substitute collateral."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Terra's algorithmic stablecoin UST depegged on May 7, 2022 after a large coordinated sell-off drained its $3B Anchor Protocol reserves.
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