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Off-Chain 5-12-22: The monumental UST de-peg and $4bn Bitcoin short position that's melting down the market

The Decrypting Crypto Podcast

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Luna, I'm Going to Double Down and Buy More at a Much Lower Price.

Lunar terra founder dokuan took out like a 200 million dollar bet that luna wouldn't lose its peg. The docon was actually part of another very high profile, albeit an waywayway smaller scale, a failed algarithmic stable coin project called bases cash. He's never mentioned this, and now it's being uncovered. This is just, i think there needs to be a real lesson here around these personalities, these huge, like, almost colt like figureheads that we've seen over the past few months.

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