Luna's authority figure (Do Kwon, South Korean) was sentenced to 15 years. $LUNA

LUNA

0.1916

+0.78%

Luna collapse timeline (May 7-12, 2022)

May 7-8: Someone withdrew UST liquidity on a large scale in the Curve pool, causing UST to briefly depeg to $0.98

May 9: UST fell to the range of $0.6-0.7, and a large number of users began to exchange UST for LUNA to escape

May 10: LUNA began to surge in issuance (because the system crazily minted LUNA to save UST), the supply of LUNA increased from 300 million to several hundred billion in one day

May 11: The death spiral officially formed, LUNA's price dropped from $60 to a few cents, UST fell below $0.2

May 12: The Terra blockchain stopped producing blocks twice, LUNA dropped to $0.00003, UST fell to around $0.05, basically reaching zero in 6 days, LUNA dropped over 99.999%, and UST depegged by 97%.