MAFIA COMMUNITY 🧙 [OFFICIAL]

What happened with LUNA🌙, and how it was coordinated and executed: - Attacker OTC accumulated $1bn of UST - Borrowed $3bn in $btc - Spread around some fud about peg and bank runs - Dumped their $3bn $btc on market to trigger wider panic. - 10 min after LFG pulled some liquidity from curve in preparation for 4pool the attackers pounced - First cleared all liquidity from curve (needed just $350m $ust to do that) - Then started dumping their $ust on Binance - Creating a small depeg - terra market module configured for $150m daily throughput for peg restoration would be enough if liquidity on curve was the intended $4bn instead of $350m - people in small panic because $btc tanking and small $ust depeg so LFG started selling $btc to restore peg - that's exactly what the attackers wanted because they've shorted $btc - LFG dumping $btc while attackers putting pressure on by dumping $ust - the more $btc sold the lower $btc tanked increasing panic the more $ust sell pressure the attackers needed - finally people mass panicking and mass congestion hit the chain, cexs suspended withdrawals and shit hit the fan -> bank run on anchor - Jump/LFG likely realized whats happening somewhere in the middle of their $btc reserve bag, stopped dumping $btc to save the peg, let it burn - now peg is being restored naturally via the market module - rumors about big deals made during the night All of this would not be economically viable if the 4pool was live. Because clearing the 4pool alone would require $3bn instead of $350m. The timing was not a coincidence. Source: @4484twitter

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