Tribulations and triumphs: The biggest surprises in crypto of 2022

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Tribulations and triumphs: The biggest surprises in crypto of 2022
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Every year has its own stories, but there will never be another 2022. Here's all the narratives that caught everybody off guard.

Terraform Labs is the blockchain company behind the Terra Classic and TerraClassicUSD tokens. The company is based in Seoul, South Korea, and is headed by Kwon Do-Hyung, commonly known as Do Kwon.The Terra crypto ecosystem is seen as a catalyst to the crypto market plunge that occurred in May that eventually wiped outfrom the market. This is after the USTC algorithmic stablecoin depegged from its dollar value and threw investors into a selling frenzy.

A cascade of events, including sudden outsized withdrawals mimicking a bank run, are believed to have led to the eventual collapse of the network.I continue to think about learnings in #12 and apply it to the systems I work on. Hopefully we can find ways to understand each other at some point.

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