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WIRED
wired.com
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But in May 2022, the price-balancing system belched. When traders sold large quantities of the coin, it slipped from its dollar peg, leading to a panicked sell-off that drove the price practically to zero.
Read more: https://www.wired.com/story/do-kwon-terraform-sentenced-prison-crypto-fraud/
2025-12-11T22:50:51.804Z