| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | South Korea |
| Sector | Crypto |
| Total raised | $200M + Luna Foundation Guard $1B BTC reserves (2018–2022) |
| Collapse type | Sudden Collapse |
| Founder | Do Kwon |
Terraform Labs (LUNA/UST)
"The algorithmic stablecoin that wiped $40B from crypto markets in 72 hours"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Terraform Labs built the Terra blockchain and its UST algorithmic stablecoin, which maintained its dollar peg through an arbitrage mechanism with LUNA tokens.
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