Trying to fix everythingReputation and millions of dollars were at stake, everyone suffered from the collapse of UST - the community, investors of different levels, and Terraform Labs itself.Attempts have been made to fix it:
Attempts have been made to fix it:
- Three unknown fans of the algorithmic stablecoin were exchanging USDT for UST for three days (May 7, 8, and 9). The total amount of such exchanges reached 480 million US dollars. Luna Foundation Club is selling billions of dollars worth of bitcoin from its reserves on May 9th.