Originally published at: TerraUSD dollar peg rocked by weekend dump, LUNA drops 20% (Cryptoslate) – We Never See Nothing
A seemingly coordinated attack on the Terra ecosystem occurred this weekend, May 7th, as hundreds of millions of dollars worth of UST was dumped on Curve Finance. This happened in tandem with an increase in short interest in Terra Luna and a surge in Twitter volume that led to “Ponzi” trending globally for a few…