Lunas-fall-from-grace.zip -

: The event wiped out roughly $40 billion in market value and triggered a broader crypto contagion, affecting major firms and contributing to the bankruptcy of platforms like Celsius and Voyager. Key Papers and Resources

: In early May 2022, UST lost its 1:1 peg with the US dollar. Because LUNA was designed to absorb UST's volatility, a "death spiral" occurred where hyperinflation of the LUNA supply caused its price to drop to near zero. Lunas-fall-from-grace.zip

: Outlets like VALR and TokenInsight published detailed "fall from grace" reports documenting the failed attempt to stabilize the peg using a Bitcoin reserve. : The event wiped out roughly $40 billion

: A comprehensive technical and historical overview of the crash mechanics. Lunas-fall-from-grace.zip