20 Jun
2023
20 Jun
'23
2:43 p.m.
Here's a non-walled article which reached my inbox via unsolicited email from a republisher: https://decrypt.co/145213/terra-co-founder-do-kwon-denies-forged-passport-al... I invested in Luna shortly before the crash. It's common for me for chains to crash after I invest in them. The coins were algorithmically linked such that rising value of one was involved in stabilizing the value of another, but like in many systems it relied on the market activity being smaller than the backed value like a buffer, which was the case until it crashed. Few chains survive an attack or dump from more finances than their total value.