CollapsePolygon2021
Iron Finance Bank Run
Algorithmic stablecoin IRON lost its peg and TITAN collapsed during a rapid bank-run dynamic.
Sources
Curated references with status labels so quality can improve transparently over time.
Key Facts
Peak metricTITAN dropped near zero
OutcomeAlgorithmic stablecoin risks repriced
ChainPolygon
Year2021
Typecollapse
Tags
stablecoindeficollapse
Related events
Terra/Luna Collapse
Terra • 2022-05-09 • Algorithmic stablecoin UST lost its peg, causing a death spiral that erased tens of billions in value.
Celsius Bankruptcy
CeFi • 2022-07-13 • Lending platform froze withdrawals citing extreme market conditions before filing for Chapter 11.
Three Arrows Capital Collapse
Multi-chain • 2022-06-27 • Hedge fund failed to meet margin calls after leveraged bets, triggering forced liquidations across lenders.
FTX Exchange Collapse
CeFi • 2022-11-11 • One of the largest centralized exchanges filed for bankruptcy after liquidity crunch and alleged misuse of funds.