Thread by @AltCryptoGems

2022 was the victim of many major #crypto crashes, but three of them stood out the most.

#LUNA\#LUNC | #FTX | #CelticFC

Here's a thread! 🧵👇

2- Let's start off with the infamous #TerraClassic, which saw its token at the time, $LUNA (now known as $LUNC) crash from $86 to under $0.01 in just 48 hours which caused $LUNA holders to lose a total of $60 Billion.

3- What happened? Well, over $2 Billion #TerraUSD $UST was unstaked from #AnchorProtocol and many millions of dollars swiftly became liquidated.

#TerraClassic still exists to this day and their community of #LUNAtics still believe in its future, but do you?

4- Next we had #Celsius which declared bankruptcy on the #CelsiusNetwork and it was discovered that they had $6.6B in liabilities and had stolen over $1.2B from its customers over time.

#Celsius still exists, but its safe to say that many people do NOT believe in their future...

5- And finally the one that is still making headlines, #FTX and the villain himself, #SBF. We have spoken about him quiet a bit recently but for those who need an overview, #SBF was the CEO of #FTXExchange.

6- #FTX filed for bankruptcy as they suffered from a lack of liquidity and an alleged hack that took more than $600m from #FTX users. #SBF ended up in jail, but got bailed out for $250M and walks amongst the free people...

7- Those who are bad actors always get caught eventually and I really hope we don't see any catastrophic #crypto crashes happen in 2023, but in the world of #Web3, you never really know!