It is funny how LUNA was SO amazing for everyone when it was at 120$ and now we dig the skeletons ...
I am wondering who is next in our hypocrite crypto world
1.5 Billions in BTC disappeared and Mr Do does not answer that question , those were part of back up along with UST stablecoin .
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Yap, I bet some whales got burned bad as well. My damage is really small, but those BILLIONS -gone- that's not a joke at all.
Also, I can't believe they panic sold the BTC instead of weathering and going for a focused recovery event - or even as TheyCallMeDan has suggested, send the BTC to UST holders as insurance money. But panic dumping it into the market? Makes me really wonder who played whom here. Maybe they were all in the bet and crashed themselves on purpose after getting the first fatal blow.
Do Kwan to his Friends: "Hey we're going down anyway, let's bet against ourselves and burn the ship down forever!"
Nah, just kidding, they lost, the question is to whom. The market or some evil actors with a good plan and massive resources.