2022
Collapse & Reckoning
Death spirals, contagion, and a credibility crisis.
Part 9
Chapters in this part
- 9.1 Terra/Luna fall Algorithmic stablecoins meet reflexivity and panic.
- 9.2 CeFi contagion Lenders fold; leverage unwinds in slow motion.
- 9.3 FTX nightfall A speedrun from hero to villain; backdoors and Bahamas.
- 9.4 Stablecoin stress Depegs reveal reserve fears and banking links.
- 9.5 Credibility crisis “Not your keys” revival; proof-of-reserves demands; audits under fire.
- 9.6 Builders who endured Despite rubble, infra and research teams keep at it.