This is a very thorough and well-researched article that explains currency pegs in general and the UST collapse in particular. It's one thing to try an experim

This is a very thorough and well-researched article that explains currency pegs in general and the UST collapse in particular. It's one thing to try an experiment and fail. It's quite another to mislead investors and not fulfill commitments. I imagine this paragraph will come back big time during the inevitable criminal and civil trials: > It was here that LFG stepped in by allegedly selling their Luna and Bitcoin reserves to buy up UST in an attempt to stop the bleeding. However, as the price of Luna and UST fell, so did the price of Bitcoin as the LFG allegedly sold tens of thousands of their bitcoin. (Note: It is still unknown if they actually sold the bitcoin).