There’s some discussion here about whether Luna/UST was a crime given that everybody know how it worked, is it a crime to be dumb / massively fail at business,

There’s some discussion here about whether Luna/UST was a crime given that everybody know how it worked, is it a crime to be dumb / massively fail at business, etc. There’s a myriad of actual fraud allegations against Do Kwon, including IIRC: * UST depegged and had to get bailed out sometime well before the mega collapse, however Do Kwon misrepresented the repegging as proof that the mechanism worked as opposed to requiring bailouts * Allegations along the lines of lying/hiding terraform labs or some related entity selling luna into the pump * Allegations of misuse / embezzlement of funds (I think related to the above bullet)