Danny Nelson, a Coindesk reporter, dives into the chaotic demise of the Terra/Luna cryptocurrency. He unpacks how a risky financial product led to an $18 billion loss and a market-wide panic. The conversation highlights the audacious personality of founder Do Kwon and his controversial engagement on social media. Nelson reflects on the challenges that emerged in the crypto space, much like the 2008 financial crisis, and discusses the regulatory shifts spurred by this collapse, shedding light on the future of digital currencies.