Episode 50: Terra: Crypto’s TERRA-ble Crash

We’re doing a special episode on cryptocurrency this week and covering what occurred in May of 2022 when the world watched as one of the biggest projects imploded. Once valued at $400 billion, the project was known as TerraUST, a stablecoin that was going to transform the crypto market and the way that traditional payments would be made in the future. Instead, investors watched as its market value dropped by almost 99% within 24 hours. What led to this death spiral and more importantly, what does the future hold for crypto investors?

Our special guest Omid Malekan, Adjunct Professor at Columbia Business School, will break down the story in Episode 50 of The Great Fail.    Terra Sources 

How a Trash-Talking Crypto Founder Caused a $40 Billion Crash  Terra Was Too Big to Fail, and It Failed: Bloomberg Crypto  TerraUSD’s collapse will take down every other algorithmic stablecoin, crypto analysts say  TerraUSD ‘stablecoin’ delisted from crypto exchanges  How $60 Billion in Terra Coins Went Up in Algorithmic Smoke  The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA  The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion)  The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall  Luna Crypto Crash: What Happened To Terra Luna?  Who is Do Kwon, the ‘lunatic’ who created a $60 billion cryptocurrency that collapsed in days?  Crypto investors contemplate SUICIDE and hide from friends seeking revenge for losing their life savings as currency crashes to zero  Terra LUNA Investors Lose Everything In 98 Percent Plunge, Suicide Hotline Posted At Top Of Forum  All Those Celebrities Pushing Crypto Are Not So Vocal Now  Hosted on Acast. See acast.com/privacy for more information.