A stable coin that was nothing but stable:

UST was supposed to be a stable coin fixed (peged) at 1$.

It is now worth only 0.38$. Needless to stay that many investors, some of them risk averse with a choice to hold ‘stablecoin’ and avoid volatility in the market. A disaster for UST , Terra Luna, their investors and the Crypto market all together.

Sad… but how did it all happen?

How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:

Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵