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Do Kwon Tries Again After $40 Billion Crypto Crash

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Manage episode 332795089 series 1698841
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Algorithmic stablecoin TerraUSD was supposed to maintain its value at $1 with the help of its sister-crypto, Luna. But TerraUSD’s price collapsed to pennies in May, while Luna plunged by more than 99%, wiping out around $40 billion in value. Their creator Do Kwon has been attempting a comeback by relaunching Luna. WSJ markets reporter Alexander Osipovich joins host Julie Chang to explain the collapse of Do Kwon’s crypto empire and what his second try looks like.

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2110 episodes

Artwork
iconShare
 
Manage episode 332795089 series 1698841
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Algorithmic stablecoin TerraUSD was supposed to maintain its value at $1 with the help of its sister-crypto, Luna. But TerraUSD’s price collapsed to pennies in May, while Luna plunged by more than 99%, wiping out around $40 billion in value. Their creator Do Kwon has been attempting a comeback by relaunching Luna. WSJ markets reporter Alexander Osipovich joins host Julie Chang to explain the collapse of Do Kwon’s crypto empire and what his second try looks like.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2110 episodes

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