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This Is How the Terra Stablecoin Actually Imploded

This Is How the Terra Stablecoin Actually Imploded

FromOdd Lots


This Is How the Terra Stablecoin Actually Imploded

FromOdd Lots

ratings:
Length:
69 minutes
Released:
May 15, 2022
Format:
Podcast episode

Description

The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history. Over $60 billion market value has evaporated, and numerous retail investors are nursing major losses. What's particularly bad is that this was a big project, championed by some of the most notable names in crypto. But some people obviously saw it coming, and understood it to be a disaster in the making. On this episode we speak with Kevin Zhou, the founder of the crypto hedge fund Galois Capital. He began warning about Terra publicly earlier this year, and was short Luna starting in early May. He explains the exact mechanics of the coin's implosion. 

See omnystudio.com/listener for privacy information.
Released:
May 15, 2022
Format:
Podcast episode

Titles in the series (100)

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.