CollapseTerra2022Hall of Fame
Terra/Luna Collapse
Algorithmic stablecoin UST lost its peg, causing a death spiral that erased tens of billions in value.
Sources
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Key Facts
Peak metric$60B ecosystem TVL
OutcomeChain forked; legal probes
ChainTerra
Year2022
Typecollapse
Tags
stablecoindefisystemic-risk
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External price/performance context for the historical event.
Related events
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FTX Exchange Collapse
CeFi • 2022-11-11 • One of the largest centralized exchanges filed for bankruptcy after liquidity crunch and alleged misuse of funds.
BlockFi Bankruptcy
CeFi • 2022-11-28 • Lender BlockFi filed for Chapter 11 after FTX collapse crippled its credit line and liquidity.