Terra, LUNA & UST Collapse: What Happened? Inside Story!!

Last week we saw what was once believed To be one of the most promising crypto Projects collapse resulting in tens of Billions of dollars of losses for Individuals and institutions alike I am Of course talking about Terror and as Someone who held both Luna and UST as Part of their portfolio I wanted to wait Until more facts came out before Commenting on what the hell happened Today I’m going to examine exactly what Happened to Terra tell you who could Have been behind its crash and what Comes next for this controversial crypto Project [Music] Before I flog a dead horse there are Some terms and conditions I must enforce Nothing in this video is financial Advice and doing your own research is The only thing I endorse you can use This video as part of your research of Course But for all the rest a licensed Financial advisor is your best recourse Now whether you be a friend or Foe I’d Like to welcome you all to the coin Bureau my name is guy if you didn’t Already know and I make high quality Content about crypto coins tokens news Reviews and other topics that will turn You into a crypto Pro if you want to go With my flow subscribe to the channel And ping that notification Bell down

Below Okay that’s it for the intro it’s time To find out what really caused Terror to Implode Let’s take it from the top so that we’re All on the same page Tara was and I suppose technically still Is a crypto project founded in early 2018 by ivy league educated Economist Daniel Shin an Ivy League educated Computer scientist do Quan Terror was built by terraform Labs or Tfl a South Korean software company Which was incubated by the terror Alliance a group of 15 Asian e-commerce Giants Note that terraform Labs is based in Singapore Do Quan has served as the CEO of Terraform Labs since its Inception and Daniel Shin left terraform labs in early 2020 to become the CEO of the chai Corporation a payments app that Leverages Terror Terror’s development is coordinated by The Luna Foundation guard or lfg a Singaporean non-profit that was Incorporated in January this year Note that all these details will be Relevant later so listen close The lunar Foundation guards governing Council consists of seven individuals Including dokwon as well as Representatives from prominent crypto

VCS like jump crypto and Delphi digital And even binance labs Now Terror raised roughly 47 million Dollars across three icos in 2018 and Has since raised tens of millions more From prominent crypto VCS namely Galaxy Digital which invested 25 million Dollars in Terror in early 2021. Tara’s main net went live in April 2019 And its blockchain was built using the Cosmos SDK this means Terra can process Thousands of transactions per second While remaining secure though it is Quite centralized with just 130 Validators Note that terror’s validators are also The price oracles for Terror now Terra Is or rather was an ecosystem of Decentralized stable coins and its Purpose was to power the next generation Of payments with its various Decentralized digital currencies and the Various decentralized applications that Were being built on the Terra blockchain Luna is Tara’s native cryptocurrency Coin and it’s used for staking on the Terror blockchain to pay for transaction Fees on the Terra blockchain and to Table and vote on governance proposals For the terror blockchain Luna is also used to ensure terra’s Various decentralized stable coins Remain pegged to their respective Fiat Currencies

Now it does this using a novel mint and Burn mechanism plus free market Arbitrage UST was or rather is terror’s largest Decentralized stablecoin and it is or Rather was pegged to the US dollar Like everyone else I’ll use UST to Explain exactly how terror’s mint and Burn mechanism Works don’t worry I’ll Keep it super simple On terror one dollars worth of Luna can Always be burned to Mint one UST and one UST can always be burned to Mint one Dollars worth of Luna Now suppose UST is trading at 1.50 or 50 Above its one dollar Peg If you hold Luna you could burn one Dollars worth of Luna to Mint one and a Half UST and then sell that newly minted UST for say another stable coin The result is an instant 50 profit and The increase in UST Supply combined with The cell pressure from you and other Lunar holders who are minting and Selling UST eventually brings UST back Down to its one dollar Peg Obviously the prospect of these instant Profits creates buying pressure for Luna As well Logically the same process applies in The other direction for example if UST Is trading at just 50 cents or 50 below Its Peg as a UST holder you could burn One UST and essentially mint twice the

Dollar amount in Luna and make a 2X Profit assuming you immediately sell That Luna for something else This reduction in ust’s Supply combined With the buying pressure for UST from Traders who want to make a quick profit Eventually brings ust’s Peg back up to One dollar Now this is why UST is referred to as an Algorithmic stablecoin and though this Process of maintaining a peg stands Robust on paper in practice a debegging Of UST to the downside runs the risk of Something called a death spiral As I just mentioned when UST drops below Its Peg there’s a huge incentive for Traders to come in and buy that UST burn It to Mint Luna and sell that Luna for An instant profit I’ll repeat that in Order to realize this profit that newly Minted Luna must be immediately sold Now when the crypto Market is on the Rise this process isn’t necessarily a Problem because there’s lots of Speculative demand for Luna and that Means any selling by UST Arbitrage Traders is unlikely to affect its price If at all When the crypto Market is on the decline However this process does become a Problem because there’s not much Speculative demand for Luna and that Means its price is going down while it’s Being aggressively sold by UST holders

This makes its price fall even further And causes Panic among UST holders and This is the short explanation of what Happened to Terror as you will soon see However there were a lot more moving Parts beneath the surface and the first Part we need to examine is something Called senurage On terror minting UST by burning lunar Costs a small fee in Luna called Senurage For a long time senior Rich fees went to Terror’s community Treasury After a while the size of terrorist Community treasury had grown so large That the terror Community voted to burn All senior Rich fees as part of the Columbus five upgrade last September The terror Community subsequently voted To convert the 89 million lunar in the Treasury to Mint around 4.5 billion USD In November so yes it was large to say The least In the months that followed the terror Community approved various proposals to Bridge USD to just about every major Smart contract cryptocurrency as part of The Project’s mission to make UST the Most accessible stablecoin in the crypto Markets When UST bridged two other blockchains Some kind of liquidity mining rewards Were almost always involved put Differently anyone who used UST in D5

Protocols on other cryptocurrency Blockchains would earn additional Cryptocurrency be it Luna UST or some Other coin or token Naturally these additional rewards Created a lot of demand for UST this Increased demand for UST would push it Ever so slightly above its one dollar Peg and UST being above its Peg would Incentivize Market participants to buy And burn Luna to Mint UST for a small Profit This not only caused ust’s market cap to Increase exponentially but it also Caused Luna’s price to increase Exponentially that’s because of basic Economics Luna’s Supply was gradually Being reduced as people burned Luna to Mint UST for a small profit With demand for Luna simultaneously Increasing while the number of Luna in Circulation fell this caused its price To rise rapidly This Dynamic is why some claim that Terror is a Ponzi but if we’re being Honest a similar Dynamic exists with Just about every other asset on the Planet for that matter heck even stocks Only continue to rise because of Increasing demand over time I digress At its peak in early April Luna hit a High of 120 and Terra surpassed Solana To become the sixth largest

Cryptocurrency by market cap Meanwhile ust’s market cap and Circulating Supply was just shy of 19 Billion making it the third largest Stable coin after tether’s usdt and Circle’s usdc UST was also listed on all of the most Reputable crypto exchanges including Coinbase binance FTX and kucoin with Many crypto and UST trading pairs so not Just with other stable coins Although lots of demand for UST was Coming from all of the D5 protocols Offering liquidity rewards the Overwhelming majority of demand for UST Was coming from a single D5 protocol on The Terra blockchain called The Anchor Protocol which held almost 80 percent of All the UST in circulation This brings me to the second moving part Beneath the surface which is of course Anchor protocol As many of you will know anchor protocol Was famous for offering a stable Interest rate of 20 per year on UST This suspiciously High rate led many People to accuse anchor protocol of Being a Ponzi but this also doesn’t seem To be the case when you consider how Exactly anchor protocol works and I’ll Use a simple analogy to explain Imagine there’s a bank that’s offering a Five percent annual interest rate on Savings the good old days if you will

Now let’s say some rich bloke comes Along and deposits 100 billion dollars Into this bank quick maths tells you That this Rich fellow Will rake in 5 Billion dollars per year from his Massive cash pile Now let’s say that some poor bloke comes Along and deposits 100 into the same Bank quick maths tells you that this Poor fellow Will Make just five dollars Per year from his tiny cash pile but the Bank has a special deal for him For a limited time we will give you an Annual interest rate of 20 percent How is the bank going to give this poor Bloke this interest rate you ask easy Just take twenty dollars from the five Billion dollars of Interest coming from The rich bloke’s massive cash pile and Add it to the poor bloke’s tiny cash Pile Billy big bags won’t even notice Now Jokes Aside because the interests Being earned by the rich blokes cash Pile is so massive the bank can afford To give a 20 interest rate to literally Thousands if not hundreds of thousands Of poor blokes and potentially secure Thousands if not hundreds of thousands Of new customers There’s only one thing the bank must do And that’s to convince the rich bloke to Let it redirect the five billion dollars Of annual interest on his massive cash Pile to all the small cash piles of the

Poor blokes How is the bank going to convince the Rich bloke to give up his annual Interest you may ask easy just offer him Shares in the bank itself that will give Him control of how the bank operates and Promise to use a portion of all the Interest being generated by the bank to Purchase more shares so their prices Stay High Now believe it or not but this is almost Exactly how anchor protocol works or Rather worked on anchor protocol the Rich folk would deposit large amounts of Staked Lunar from Terror staked Atom From Cosmos staked Seoul from Salon Staked avax from Avalanche and even Staked eth from ethereum The annual staking rewards for these Proof-of-stake cryptocurrencies was or Rather is 5 or more All these staking rewards from the rich Folks would get converted into UST by The anchor protocol and then this UST Would be given to the poor folks who Were depositing UST to earn 20 per year If the staking rewards being earned by All proof-of-state cryptocurrencies Provided by the rich folks exceeded the Amount needed to provide poor folks with A 20 yield on UST these additional Staking rewards would again be converted Into UST and deposited into the anchor Protocol’s yield reserves which would be

Used to keep paying the poor folks when There aren’t enough Rich folks around In return for providing proof-of-stake Cryptocurrencies the rich folks would Get anchor protocol’s ANC token which is Used for governance and a portion of Anchor protocols yield reserves would be Used to buy ANC to ensure that its price Increased along with the popularity of The protocol As with Terror itself anchor protocol Worked much better on paper than it did In practice because in practice there Are many more poor folks than there are Rich folks in other words the staking Rewards coming from the proof-of-state Cryptocurrencies provided by the rich Folks was not nearly enough to continue Paying a 20 interest rate on UST for all The poor folks and as a result the yield Reserves were being drained rather than Filled Now to be fair this is something that The anchor protocol team and Community Were aware of and it’s why they were in The process of reducing the protocol’s 20 interest rate to something more Sustainable In the interim anchor protocol’s yield Reserves were being replenished with UST Coming from the entities behind Terror And this ties into the third moving part Beneath the surface the lunar Foundation Guard

As I mentioned earlier the lunar Foundation guard or lfg is the Singaporean non-profit that coordinates Terrorist development however the lfg Plays another more important role and That’s to ensure ust’s Peg remains Stable at all costs as many of you will Know the lfg is famous for buying up Billions of dollars of BTC which was Going to be used to protect ust’s Peg What many of you might not know is the Backstory to how this BTC treasury came To be Prior to the events of last week UST Held its Peg quite well save for three Occasions The first was at the end of December 2020 when UST fell sharply below its Peg For about a day now I actually couldn’t Find the exact cause of this but if you Know please drop a comment below Anyways the second time UST lost its Peg Was during the crypto crash last May When UST fell significantly below its Peg for more than a week In an interview from last October Tara Co-founder do Quan explained that it was Last May’s crash that really made the Terror team start to think about how They could protect ust’s Peg and they Settled on BTC as the ideal backing for UST during times of volatility However it was ust’s third major Debegging event that really kicked the

Terror team in the keister and that was When UST fell slightly below its peg in January Now this debegging was reportedly caused By a defy protocol called Abracadabra Which makes it possible to Mint another Decentralized stablecoin called Magic Internet money or MIM using interest Bearing tokens as collateral as you Might have guessed UST was one of the tokens that could be Deposited into Abracadabra to Mint MIM Specifically a UST which is an Interest-bearing token given to UST Holders as a sort of receipt for their UST when they deposit said UST into the Anchor protocol On Abracadabra some defy degens came up With a clever strategy called the Degen Box which is where you deposit AUST into Abracadabra to Mint MIM then use the MIM To buy UST deposit UST into anchor Protocol to get more AUST deposit that AUST into Abracadabra and so on until You have lots of yield Now it doesn’t take a defy expert to Realize that this defy strategy is Extremely risky because if MIM or AUST Deviates from its Peg by even just a Couple of percentage points the entire Scheme could collapse very quickly and In Tara’s case this had the potential to Do serious damage to UST and Luna As it so happens it was discovered that

One of the people working closely with The developer behind Abracadabra was the Co-founder of quadriga CX the infamous Canadian cryptocurrency exchange which Collapsed after its other co-founder Died while on holiday in India also The Story Goes This shocking Revelation spooked holders Of the coins and tokens associated with Abracadabra and this is ultimately what Caused UST to fall slightly below its One dollar Peg Realizing the exponential risks Associated with having UST on so many Chains and in so many D5 protocols the Recently Incorporated lfg moved forward With the plan to use BTC to protect Ust’s Peg This relates to the fourth moving part Beneath the surface the lfg’s BTC Accumulation About a month after the lfg was Established it started raising the Capital required to purchase boatloads Of BTC starting with a one billion Dollar raise from prominent crypto VCS Including jump crypto and three arrows Capital which was financed through Over-the-counter sales of lfg’s lunar Holdings The plan was straightforward buy up Enough BTC to back 20 percent of ust’s Circulating Supply and then use terra’s Aforementioned seniorage fees to

Automatically purchase additional BTC Every time someone Burns Luna to Mint UST recall that senior Rich fees are Currently burned Now given ust’s circulating Supply at The time backing 20 of it with BTC would Require just over three billion dollars Worth of BTC with only one billion Raised and much of it spent the lfg Needed some additional Capital to Continue its BTC accumulation In early March Tara co-founder do Quan Announced that terraform Labs had gifted 1.2 billion dollars worth of Luna to the Lfg which would be converting it to UST And using said UST to continue buying BTC A few days later doe also announced that Terra was aiming to accumulate 10 Billion of BTC to protect ust’s Peg with 3 billion being accumulated by the lfg And the remaining 7 billion being Accumulated over time via seniorich fees Shortly after that jump crypto posted a Plan for how exactly BTC could be used To protect ust’s Peg to terra’s Governance forum and the short Explanation is that the lfg would Deposit all its BTC into a non-custodial Reserve pool where anyone could redeem UST 4 BTC the same way they do with Luna The Assumption there is that if UST were To drop significantly below its Peg Rational Market participants would opt

To swap their one UST for one dollars Worth of BTC rather than one dollars Worth of lunar this would take the cell Pressure off Luna and prevent the death Spiral scenario I was talking about Earlier Jump crypto’s plan was actually Extremely detailed I’ll leave it in the Description if you’re interested Anyhow in early April binance added Support for the anchor protocol making It possible for its 30 million users to Earn high stable yields on UST note that I’m just mentioning this to underscore Just how integrated Terror was with the Entire crypto ecosystem Terraform labs and the lunar Foundation Guard also purchased 200 million dollars Worth of avalanche’s avax as part of an Ongoing plan to add other Cryptocurrencies to terra’s stability Reserves for UST Okwan had earlier mentioned that their Plan was to eventually start Accumulating the cryptocurrencies that Belong to the smart contract blockchains UST is available on again this will all Be relevant in just a moment In mid-april terraform Labs gifted yet Another 900 million dollars worth of Luna to the lfg to sell for more BTC All the while the lfg was giving Frequent updates about its BTC buys Which would happen in waves of around

100 million dollars at a time The lfg also made all its crypto wallet Addresses public for everyone to see the Accumulation in real time The lfg achieved its Target of backing 20 of ust’s circulating Supply on Thursday May the 5th with a 1.5 billion BTC buy financed through the sale of Luna to three arrows capital and Genesis Global trading a crypto OTC broker and Subsidiary of digital currency group And then everything went to s-h-i-t ARA’s implosion arguably began on Saturday the 7th of May and I’ll quickly Note that the following order of events Has been confirmed to one of the Researchers here at the coin Bureau by a High-profile member of the terror Community who shall not be named I’ll also highlight events where Speculation is involved On Saturday night the terror team Withdrew a massive amount of UST from a Trading pool on curve Finance For context curve Finance is a Decentralized exchange for stable coins And the terror team withdrew all that UST in preparation for something called The four pool which I won’t get into Here all you need to know is that the Moment the terror team withdrew this UST An unknown whale sold around 85 million UST for 85 million usdc on curve finance And this pushed UST slightly below its

Peg There is speculation that another 200 Million dollars of UST will Simultaneously sold on binance and Though lots of well-respected folks in The crypto space swear that this Happened it cannot be confirmed Regardless of where the cell pressure Was coming from it was enough to push UST slightly below its Peg Now because the crypto Market had Already been crashing in the days prior Risk-averse individuals and institutions With exposure to UST immediately started Selling out of safety concerns and this Isn’t speculation In a recent interview with digital asset News Celsius CEO Alex majinski said they Pulled all their and their users assets Out of the anchor protocol as soon as UST fell slightly below its PEC and this Was almost certainly the case with Similar crypto apps that had exposure to UST and the anchor protocol As you can see around 9 billion of the 14 billion UST on anchor protocol was Withdrawn within the first 48 Hours of UST falling slightly below its Peg This Mass Exodus from the anchor Protocol created intense cell pressure For UST as everyone exchange it for Other stable coins and this pushed UST Significantly below its Peg When that happened various Market

Participants started burning UST to Mint Luna for a quick profit which of course Requires selling Luna right away to Realize especially since Luna’s price Had already been crashing along with the Rest of the crypto Market This cell pressure on Luna as well as The sudden increase in its circulating Supply crashed its price even further And the moment Luna’s market cap fell Below ust’s market cap Luna officially Entered the death spiral with more Luna Being minted while its price was reduced To ashes This is simply because UST is fundamentally a representation of The potential cell pressure on Luna and It appears that many Luna and UST Holders took this realization to heart If ust’s market cap is larger than Luna’s then it can’t absorb the cell Pressure from UST and that means it’s Going to zero with Luna’s price in free Fall the Integrity of the Terra Blockchain itself was under threat as an Attacker could manipulate the governance Proposals that people were trying to Pass to stop the bleeding A low lunar price also made it easy for A malicious actor to become a validator And manipulate transactions left with no Other option terror’s validators agreed To Halt the chain for a while to try and Buy some time

Upon restarting the chain the chaos Continued so terror’s validators halted The chain again before restarting it for A second time but with terror’s mint and Burn mechanism for stable coins disabled All the while terra’s lunar Foundation Guard was aggressively selling BTC on The spot market with the help of Multiple market makers on multiple Exchanges and the lfg revealed in a Recent Twitter thread that it had Basically emptied the clip it spent over 80 000 BTC to try and restore ust’s Peg On-chain analysis done by glass node and Elliptic seems to confirm the lfg’s Claims and you can find both of those Reports in the description Now there is speculation that the same Entity that dumped UST on curve finance And supposedly on binance also opened a Short position on BTC knowing that the Lfg would be dumping its BTC on the open Market thereby crashing btc’s price There are again many prominent crypto Personalities who insist that this is What happened and some have even gone as Far as to say that the attacker even Used the profits from shorting BTC to Continue attacking Terror through its Mint and burn mechanism Now unfortunately none of this can be Confirmed By Friday the 13th of May both Luna and UST had flatlined dealing a 40 billion

Blow To Luna and UST holders and tens of Billions of more dollars in damage to The individual’s institutions D5 Protocols and smart contract Cryptocurrencies that had exposure to Terror’s ecosystem which was almost all Of them and yes one of those individuals Was me So who is to blame for terrorist Collapse Well I’ll start by saying that nobody Currently knows who’s behind it all and Maybe we’ll never know All we have right now is speculation Based on what a likely just coincidences But all signs seem to point to Wall Street and here’s why Almost every single individual and Institution in cryptocurrency had Exposure to Terror in some way shape or Form VCS were heavily and I mean heavily Invested in this project and they Genuinely believed in its potential like So many of us did and some still do as a Quick side note I remember at the coin Bureau conference a couple of weeks ago We asked the crowd how many people were Using anchor protocol and almost Everyone raise their hand literally Hundreds of people It’s just one of many examples of how Widespread the adoption of Terror really Was If you accept this premise the only

Place this potential perpetrator could Have come from is traditional Finance Because I don’t imagine anyone involved In crypto would shoot themselves much Less their crypto partners and clients In the foot by killing Terror just to Make a few billion bucks I also don’t imagine anyone involved in Crypto would want to draw the attention Of Regulators by destroying a Decentralized stablecoin as far as I Know the only people who want aggressive Crypto regulation work in or work Closely with entities in traditional Finance This is where the coincidence has come In and the first one is that the Federal Reserve mentioned the risks of Stablecoin runs in its Financial Stability report which was released on The Monday after Terror began collapsing If you ask me this really was just a Coincidence The second coincidence is much harder to Explain away however and that’s that Treasury secretary Janet Yellen Mentioned terror’s collapse in her Testimony to U.S politicians on the Wednesday Now I find it hard to believe that word Of terror’s deepegging had reached her So quickly unless someone she knew was Following terra’s Dynamics closely but Still probably just another coincidence

The third coincidence is more like Circumstantial evidence and that’s the Fact that tether’s usdt stablecoin also Briefly fell below its Peg and that this Is something Janet also mentioned in her Testimony on the Thursday This can be easily explained Away by the Fears that the regulatory Crackdown on Stable coins will likely affect tether As it operates outside of the United States and hasn’t exactly been all that Transparent about the reserves backing Usdt For what it’s worth tether has Reportedly redeemed over 9 billion usdt Over the last week or so with no issues Interestingly the market cap of circles Usdc increased by about 4 billion over The same period And busds by 2 billion a Flight to safety I suppose The fourth coincidence is closer to Concrete evidence and that’s the timing Of this supposed attack the fact that Someone knew exactly when the terror Team would be pulling UST out of curve Finance seems to be the strongest Evidence that this was an attack from Someone somewhere as this information Was not publicly known The events that unfolded afterwards Could have been nothing more than Various Market participants taking Advantage of terror’s downfall be they From Wall Street or Main Street

Still there’s no denying that this Dented the crypto industry and the Legacy Financial system especially the US dollar itself can and likely will do Everything within its power to ensure That it’s not replaced by crypto or Anything else Consider for a moment that Terror was Building a decentralized stablecoin Backed by digital gold that might just Be the greatest middle finger to the Financial system anyone can raise Now to wrap things up I want to talk a Bit about terra’s future which is Currently uncertain the latest news is That terror is probably going to fork With the old Terror chain being known as Terror classic and the new Terror chain Retaining the original name but with no Algorithmic stable coins Tara co-founder do Quan is behind this Recovery plan and he noted on Twitter That a snapshot of Tara’s current Blockchain will be taken next Friday the 27th of May and those with Luna and UST In their wallet at that time will Receive a portion of Luna’s new Supply If I understand correctly the initial Supply of new Luna will be the same as The initial supply of old Luna which is 1 billion and it will be distributed as Follows 25 to the community pool 35 to Holders of Luna prior to terrorist

Collapse 10 to the holders of AUST prior to Terrorist collapse and you’ll recall AUST is the token receipt you get when You deposit UST into the anchor protocol 10 to Holders of Luna after terrorist Collapse and 20 to UST holders after Terrorist collapse I’ll leave a link to the details in the Description that describe the exact Vesting schedule and all of that fun Stuff Dokwon’s terrafork proposal is currently Being voted on and so far it looks like It’s likely to pass even if it doesn’t Pass a terror Fork of some kind is the Most likely outcome and that’s for one Simple reason exit liquidity as you can Imagine everyone who was close to Terror When it exploded is desperate to get Their money back and forking Tara’s Blockchain is probably their best bet to That end even if it’s not ideal by any Stretch not only that but our source in The terror Community told us that most Of the projects building on terror were Actually staking their treasuries on the Anchor protocol to get more money for Development this means that most of Terrorist projects are unlikely to go Anywhere for the time being simply Because they are waiting in line to get Their scraps from the new Terror Blockchain too

If you’re wondering why most of terror’s Projects don’t start building on other Blockchains in the interim the answer is Apparently dokwon himself Doe was famous for being bombastic to Put it mildly he frequently ragged on Other crypto projects He Saw as Competitors and routinely shot down Terrorist critics even when they clearly Had a point While Doe’s powerful personality made Terror a powerful project it also made Him many enemies and it’s even possible That one of them was behind the attack On terror’s curve Finance migration Moreover the consensus in the terror Community seems to be that dokwon’s Godlike position in the Project’s Ecosystem clouded his judgment on more Than one occasion and there’s certainly A discussion to be had there never mind That whole thing about his involvement In basis cache The bigger problem is those continued Affiliation with Terror specifically his Involvement in the creation of terror’s New blockchain and the fact that it’s Guaranteed to alienate VCS Angel Investors and rational retail investors Who aren’t fans of doe and that list Seems to be growing by the day The real tragedy is that it looks like Terror’s developers projects and Communities will have to keep following

His footsteps regardless of where they Lead because it’s the only hope they Really have at getting some of their Money back If and when they do I suspect that the Cosmos ecosystem will see an explosion In growth and development because at the End of the day there’s no denying that Tara had some of the best developers and Easily one of the best communities in Crypto and they will succeed where Terror failed And that’s all for today’s video about What happened to Terror if you feel Others need to see it take a second to Share it if you enjoyed it take a second To like it if you want to make sure you Don’t miss the next one take two seconds To subscribe and ping that notification Bell In the meantime you can check out coin Bureau clips for more from me or tune in To the coin Bureau podcast to hear Myself and Mad Mike go down the rabbit Hole of crypto I’m also available on Twitter Tick Tock And Instagram and keep you up to speed With the crypto Market on Telegram If you’re wondering what cryptos I Currently hold as part of my portfolio Simply subscribe to My Weekly Newsletter Also note that there’s about two weeks Left for you to try your luck at that One whole Bitcoin giveaway we have going

On you can find all the details about That using the link in the description My friends thank you all so much for Your time this has all been exhausting Hasn’t it don’t worry it will get better Crypto will recover and will all be There when the sunshine returns [Music]