# UST Luna - The Biggest COLLAPSE in Crypto History

*Author: David Hoffman*
*Published: May 13, 2022*
*Source: https://www.bankless.com/fr/ust-luna-the-biggest-collapse-in*

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![audio-thumbnail]()UST Luna - The Biggest COLLAPSE in Crypto History0:00/0:001×⬆️* Join [The Bankless Nation](#/portal/signup) to listen to the **Ad-Free** version of this episode *🚀

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We’re currently watching one of the the largest events in Crypto history.

The sketchy outlook in the markets has triggered a run on the UST stablecoin, which began destabilizing in the last several weeks. As time progressed, the peg worsened, and it eventually rolled over into a complete crash of both the value of UST, and the native asset LUNA.

What led to the crash? Was it a coordinated attack, or an inevitable collapse? What Red Flags were there ahead of time?

What’s the fallout from all of this? What lessons can we learn?

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#### 🎙️ **[NEW LAYER ZERO](https://youtu.be/AxGv40TQ7dw)**
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#### RESOURCES

> [](https://twitter.com/hasufl/status/1523817151471230976)

> [](https://twitter.com/ThinkingBitmex/status/1523526622044860416)

> [](https://twitter.com/stablekwon/status/1523733542492016640)

> [](https://twitter.com/ryanberckmans/status/1523712585794977792)

> [](https://twitter.com/TrustlessState/status/1524451573908209664)

> [](https://twitter.com/nic__carter/status/1524233730717585409)

> [](https://twitter.com/tier10k/status/1524031909067698180)

> [](https://twitter.com/TerraBitesPod/status/1524229263469293570)

> [](https://twitter.com/BanklessHQ/status/1523995722261147648)

> [](https://twitter.com/Shigeo808/status/1524149580048191488)

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***Not financial or tax advice. **This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.*

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***Disclosure. **From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our [investment disclosures here](https://bankless.ghost.io/bankless-disclosures/).*