| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | South Korea |
| Sector | Fintech |
| Total raised | 200 |
| Collapse type | Silent Shutdown |
| Founder | Do Kwon |
Terra / Luna
"The algorithmic stablecoin that destroyed $40 billion in value in 72 hours."
Quiet closure with no public announcement
Key Events Timeline
Terra's UST was an algorithmic stablecoin pegged to the dollar through a mint-and-burn mechanism with its sister token LUNA.
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