How the Anchor protocol helped sink Terra

But there were winners, and those winners were insiders. Pantera Capital, for instance, made $170 million on a $1.7 million investment,reported. Another investor, Hack VC, got out of Luna in December. Venture firm CMCC Global sold off in March.

People aren’t wrong to be mad at Kwon. Kwon voluntarily assumed the persona of a villain, because much like reality star, he understood that being the villain guarantees you more attention. But as Pratt eventually discovered, once you’re the villain, it’s just about impossible to break the type-casting. That means Kwon will take most of the blame for this, while Y Combinator, Stablegains, Bankman-Fried, and others could walk away without a scratch.

“I am heartbroken about the pain my invention has brought on all of you,” Kwon tweeted on May 13th in what seemed like an abrupt departure of tone. Since then, he’s practically groveled. He wants to get “the ecosystem” back on its feet. He’s even come up with a new proposal for doing so.Sign up for the newsletterPlease confirm your subscription to Verge Deals via the verification email we just sent you.

blz get a degen to proofread your article - the network is called Terra and its currency is LUNA - the stablecoin is not Terra, it's TerraUSD and its ticker is UST

This article is riddled with inaccuracies and failed to demonstrate how about sunk luna

Don’t miss out on $Moox, Liquidity Focused Project, Ownership Denounced, Solid community engagement, Fixed $BUSD reflection on staked $Moox Consistent DEXTscore of over 80 for 7days streak CoinMarketCap Hates good projects BSCGems Passivelncome

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