The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history. Over $60 billion market value has evaporated, and numerous retail investors are nursing major losses. What's particularly bad is that this was a big project, championed by some of the most notable names in crypto. But some people obviously saw it coming, and understood it to be a disaster in the making. On this episode we speak with Kevin Zhou, the founder of the crypto hedge fund Galois Capital. He began warning about Terra publicly earlier this year, and was short Luna starting in early May. He explains the exact mechanics of the coin's implosion. See omnystudio.com/listener for privacy information.

In a lively chat, Kevin Zhou, founder of Galois Capital and Twitter figure in the Luna saga, shares his insights on crypto trading and market dynamics. He reflects on intense confrontations in the crypto space and the emotional rollercoaster of meme coins. As the election approaches, he discusses the shifting trends from Bitcoin to altcoins noted at a blockchain event in Dubai. The guests explore Ethereum's price movements and the need for better communication between crypto leaders and enthusiasts, proving that even in a downturn, there's fun to be had!