Terra ecosystem collapse May 2022
GPTKB entity
Statements (37)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
cryptocurrency crash
|
| gptkbp:affectedToken |
gptkb:LUNA
gptkb:TerraUSD_(UST) |
| gptkbp:aftermath |
creation of Luna Classic (LUNC)
launch of Terra 2.0 legal actions against Do Kwon |
| gptkbp:category |
gptkb:cryptocurrency
economic crisis stablecoin |
| gptkbp:cause |
depegging of TerraUSD (UST)
failure of algorithmic stablecoin mechanism |
| gptkbp:consequence |
increased regulatory scrutiny
losses for investors collapse of LUNA price collapse of UST price broader crypto market downturn |
| gptkbp:date |
May 2022
|
| gptkbp:founder |
gptkb:Do_Kwon
|
| https://www.w3.org/2000/01/rdf-schema#label |
Terra ecosystem collapse May 2022
|
| gptkbp:location |
global
|
| gptkbp:marketValueLost |
over $40 billion
|
| gptkbp:mediaCoverage |
gptkb:Bloomberg
gptkb:The_New_York_Times gptkb:CoinDesk |
| gptkbp:notableInvestment |
gptkb:Pantera_Capital
gptkb:Jump_Crypto gptkb:Galaxy_Digital |
| gptkbp:publicReaction |
loss of confidence in algorithmic stablecoins
calls for regulation of stablecoins |
| gptkbp:regulates |
investigations by South Korean authorities
investigations by US SEC |
| gptkbp:relatedEvent |
2022 cryptocurrency crash
collapse of Celsius Network collapse of Three Arrows Capital |
| gptkbp:relatedOrganization |
gptkb:Terraform_Labs
|
| gptkbp:bfsParent |
gptkb:LUNC
|
| gptkbp:bfsLayer |
7
|