ok here is how the $luna $ust attack was coordinated & executed. 🧵 (quoted from a friend)
- attacker OTC accumulated $1bn of UST
- borrowed $3bn in $btc
- spread around some fud about peg and bank runs
- dumped the fuck out of their $3bn $btc on market to trigger wider panic
Still bullish on @stablekwon, the team at @PodcastDelphi and the intentions of @LFG_org
I will not let a years worth of conviction die today ❤️
$UST $LUNA
Take a minute to think about @stablekwon and what he is going through today! He has to protect the project and one of the biggest hodler and builder ecosystems in crypto! Brother, keep fighting, we know you will get us out of this!