25 min listen
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.
See omnystudio.com/listener for privacy information.
Released:
May 15, 2022
Format:
Podcast episode
Titles in the series (100)
Episode 17: How One Analyst Uncovered a $7 Billion Fraud: Episode 17: How One Analyst Uncovered a $7 Billion Fraud by Odd Lots