What Can We Learn from the Luna/Terra Crash?
ID: d61a0ebe-f318-5a9e-829c-2c4c98c1fbe1
STIX ID: report--d61a0ebe-f318-5a9e-829c-2c4c98c1fbe1
Feed Name: CertiK Blog
The article reviews the May 2022 collapse of Terra’s algorithmic stablecoin UST and its sister token LUNA, recounting large UST sell-offs, the Luna Foundation Guard’s use of reserves to defend the peg, the subsequent market de‑peg and price collapse, and the broader lessons for web3 security such as founder transparency, on‑chain analytics, and the importance of audits.
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