Terra (LUNA) 災難：價值 400 億美元的災難

泰拉（LUNA）發生了什麼事？為何投資者一夕之間損失數十億？ 😱 讓我們揭開這場震撼加密貨幣世界的史詩級崩潰的不為人知的故事。

What happened to Terra (LUNA)? And how did investors lose billions overnight? 😱 Let's unravel the untold story of this epic collapse that shook the crypto world.

泰拉（LUNA）發生了什麼事？投資者是如何一夜之間損失數十億美元的？ 😱 讓我們揭開這場震撼加密世界的史詩般崩潰的不為人知的故事。

1️⃣ The Terra Disaster: A $40 Billion Catastrophe

1️⃣ 泰拉災難：價值 400 億美元的災難

In May 2022, Terra (LUNA) went from being one of the most hyped projects in crypto to a complete disaster. The market value? Gone. Trust? Shattered. 🌪️

2022 年 5 月，Terra（LUNA）從加密貨幣領域最受炒作的項目之一變成了徹底的災難。市場價值？走了。相信？破碎了。 🌪️

Terra's collapse was one of the biggest setbacks in crypto history. Here's how it all went down... 👇

Terra 的崩盤是加密貨幣史上最大的挫折之一。事情是這樣的......👇

2️⃣ What Was Terra (LUNA) and UST?

2️⃣ Terra (LUNA) 和 UST 是什麼？

Terra was built around UST, an algorithmic stablecoin designed to stay pegged to the dollar. But unlike traditional stablecoins like USDT, UST wasn’t backed by reserves — it relied on an ecosystem involving LUNA tokens. Sounds too good to be true, right? 🚀

Terra 是圍繞 UST 構建的，UST 是旨在與美元掛鉤的演算法穩定幣。但與 USDT 等傳統穩定幣不同，UST 沒有儲備支持——它依賴涉及 LUNA 代幣的生態系統。聽起來好得令人難以置信，對吧？ 🚀

But it wasn’t as stable as they thought…

但事情並沒有他們想像的那麼穩定…

3️⃣ The "Stable" Model with a Fatal Flaw

3️⃣ 具有致命缺陷的「穩定」模型

Here’s how the system was supposed to work: You could swap 1 UST for $1 worth of LUNA — minting and burning LUNA to keep the price steady.

該系統的工作原理如下：您可以將 1 UST 兌換成價值 1 美元的 LUNA——鑄造並銷毀 LUNA 以保持價格穩定。

But when things went wrong, this mechanism spiraled into a disastrous chain reaction. 😣 Instead of stabilizing UST, it made everything worse. 🤯

但當出現問題時，這種機制就會演變成災難性的連鎖反應。 😣 這不但沒有穩定 UST，反而讓一切變得更糟。 🤯

4️⃣ The Crash Starts: Withdrawals from Anchor

4️⃣ 崩盤開始：Anchor 提現

In May 2022, the panic began. 🚨 UST’s $1 peg started to slip after massive withdrawals from Anchor, a DeFi platform offering a 20% yield on UST deposits. Investors rushed to pull out their funds, triggering a sell-off that sent UST's value plummeting. 📉

2022年5月，恐慌開始了。 🚨 在 Anchor（一個提供 UST 存款收益率 20% 的 DeFi 平台）大規模提款後，UST 的 1 美元掛鉤開始下滑。投資者紛紛撤出資金，引發拋售，導致 UST 價值暴跌。 📉

5️⃣ The Death Spiral Begins

5️⃣ 死亡螺旋開始

As UST’s value dropped, the algorithm tried to mint more LUNA to restore the peg. But this flooded the market with trillions of LUNA tokens, causing its value to crash from $80 to nearly $0.0001. 😱 Terra’s $40 billion market cap evaporated overnight. 💥

隨著 UST 的價值下降，演算法嘗試鑄造更多 LUNA 來恢復掛鉤。但這導致市場上出現了數萬億的 LUNA 代幣，導致其價值從 80 美元暴跌至近 0.0001 美元。 😱 Terra 400 億美元的市值一夕之間蒸發。 💥

6️⃣ Do Kwon’s Desperate Moves

6️⃣ 權道的絕望舉動

With UST and LUNA crumbling, all eyes were on Do Kwon, the project’s founder. Known for his bold and often defiant claims, Kwon’s tone shifted to full-on damage control.

隨著 UST 和 LUNA 的崩潰，所有的目光都集中在該計畫的創始人 Do Kwon 身上。權力以其大膽且經常挑釁的主張而聞名，他的語氣轉向了全面的損害控制。

The team tried everything to save the situation: minting more LUNA, tapping Bitcoin reserves, but it was too little, too late. 💔

團隊嘗試了一切來挽救局面：鑄造更多的 LUNA，利用比特幣儲備，但太少、太晚了。 💔

7️⃣ A Fork in the Road: Terra’s “Recovery” Plan

7️⃣ 岔路口：Terra 的「復甦」計劃

Kwon proposed a fork in the blockchain to launch a new version of LUNA. But the damage was done. Trust was shattered, and investors were in full retreat.

Kwon 提議在區塊鏈中進行分叉，以推出新版本的 LUNA。但損害已經造成了。信任被粉碎，投資者全面撤退。

Legal battles soon followed, and Kwon was facing serious legal consequences. ⚖️

法律糾紛很快接踵而至，權面臨嚴重的法律後果。 ⚖️

8️⃣ Do Kwon’s Involvement and the Burning Wallet Controversy

8️⃣ Do Kwon的參與和燒皮夾爭議

It was revealed that Kwon had more control than he originally let on. Despite his claims, he controlled the burning wallet and had access to key actions that led to the collapse. 🧐

據透露，權的控制力比他最初表現出來的還要強。儘管他聲稱，他控制了燃燒的錢包，並有權採取導致崩潰的關鍵行動。 🧐

9️⃣ Regulators Step In

9️⃣ 監管機構介入

Terra’s crash attracted global attention from regulators. 🚨 As the dust settled, governments and authorities began investigating Terra’s activities, with many raising concerns about fraud and market manipulation. 🌍

Terra的崩潰引起了全球監管機構的關注。 🚨 隨著塵埃落定，各國政府和當局開始調查 Terra 的活動，許多人對詐欺和市場操縱表示擔憂。 🌍

🔟 The Arrest of Do Kwon

🔟 道權被捕

In March 2023, after months on the run, Kwon was finally captured in Montenegro using a forged passport. 🛑 His arrest marked a new chapter in the legal fallout, with authorities from South Korea, the US, and beyond closing in on him. 🔍

2023 年 3 月，經過幾個月的逃亡，權終於在黑山使用偽造的護照被逮捕。 🛑 他的被捕標誌著法律後果的新篇章，來自韓國、美國和其他國家的當局正在對他進行圍捕。 🔍

1️⃣1️⃣ The Bigger Lesson: Risk in Crypto

1️⃣1️⃣ 更大的教訓：加密貨幣中的風險

The Terra collapse exposed the dangers of algorithmic stablecoins and risky DeFi projects. 🔥 It showed that in crypto, everything can change in an instant.

Terra 崩潰暴露了演算法穩定幣和高風險 DeFi 專案的危險。 🔥 它表明，在加密貨幣中，一切都可以瞬間改變。

The key takeaway? Do your research, understand the risks, and never invest more than you can afford to lose. 🚨

關鍵要點是什麼？做好研究，了解風險，投資永遠不要超過你能承受的損失。 🚨

This was one of the biggest crypto scandals of all time. Stay informed, stay safe, and always keep your eyes open in this volatile world. 🌍💡

這是有史以​​來最大的加密醜聞之一。在這個動盪的世界中保持知情、保持安全並始終保持警惕。 🌍💡

Please follow @Coinaute, Like ❤️, Comment 💬, and Share ➡️ this post. Let’s keep the conversation going! 🙏

請關注@Coinaute，按讚❤️，評論💬，並分享➡️這篇文章。讓我們繼續談話吧！ 🙏

#MarketDownturn #Binance #CryptoNews #TerraCollapse $LUNA