Thread by @EtherNasyonaL

1) I researched for you how the #LUNA #UST event, which scared everyone, happened
-The team planning the attack collected 1 billion UST as OTC
- Borrowed $3 billion worth of #BTC
-A pre-attack FUD study was initiated, people holding $UST panicked

2)-Things sparked when the team started selling their $3 billion worth of #Bitcoin
-After the start of the selling wave in #BTC, they expected LUNA to draw liquidity from Curve and thus the attack began
-All liquidity in Curve pool cleared by $350 million UST

3)- After the Curve side was cleared, the team switched to Binance and started draining their $USTs, causing #USTUSDT to drop sharply below 1.
-Meanwhile, the Terra market module was trying to maintain the UST balance by staying true to its algorithm.

4)-With insufficient measures, LUNA's hand was forced to sell its $BTC reserves
-While this was necessary to save the UST parity, it played into the hands of the attackers because while the team was attacking UST, they were also selling their Bitcoins to suppress #LUNA

5)-After entrusting the #Bitcoin dump to LUNA, the attackers started loading more into #UST
-When both #BTC and #UST crashed at the same time, panic gripped inside investors and a large majority tried to abandon the #ANC protocol, but there was not enough liquidity for everyone

6)-Meanwhile, #LUNA sold half of its #BTC reserve to the market far below the price it bought, but suddenly stopped the sale before it had recovered $UST yet.
-Probably LUNA realized they were under attack while selling #Bitcoins, let things take their course

7)-It started to improve with the help of #UST market module after LUNA withdrew his hand
-I understand that the attack was planned, it started as soon as Curve liquidity was withdrawn.

-If LUNA didn't draw liquidity for 4pool, Curve would be $3 billion and it would be impossible to profit from this attack

8)-So who was behind the #LUNA #UST attack?
All theses are just speculation right now
-Some
@justinsuntron
he suspects

@Citadel
even the mutual fund are among the suspects
-After the events
@SecYellen
It is also significant that 's reiterated its call for stable coin regulation

9).
@stablekwon
LFG's search for investors seems to be behind the delay in the recovery plan from . LFG 3AC is reaching out to names like Alameda, and Jump trying to raise a $1 billion fund to save #UST.

theblockcrypto.com/post/145978/lu…

Thanks to my friend @RobotKripto for the explanation