So the saviors that would lead us to our shiny post-monetary future are ruthless conmen whose sole purpose is getting richer at the expense of everyone else. Paint me surprised.
Just another human being less than humane.
I’ve always thought of crypto as being the best things for machines to pay for things and one way we can put limits on them.
I haven’t been this shocked and surprised since the sun rose from the east this morning. What a completely unexpected, massive plot twist
The most interesting part to me is at the bottom:
> What was initially thought to be a market-triggered event turned out to be a clear case of fraud, with former CEO Kwon at the epicenter. According to on-chain data, In the 3 weeks leading up to the depeg of the TerraUSD (UST) stablecoin, one entity dumped over $450 million of UST on the open market. Four days after the last sale, UST started collapsing. The entity behind the massive dump was none other than Terraform Labs.