I have purchased the PACER documents so everyone can read the impact statements submitted by victims of Do Kwon and the 2022 Terra/Luna meltdown. Collapses like these ruin lives.
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![described UST as a stablecoin that would always hold its $1 peg, and those protocols as safe, reliable way to earn 19–40% yield. It didn’t feel like gambling; it felt like the answer we had been praying for. We sold everything at discounted prices: the house, the business, the cars. We scraped together just over $190,000 — every dollar of seventeen years of sacrifice — and in late April 2022 I converted it all to UST and locked it into Anchor and Mirror, trusting the promises that had been repeated for months. Just two weeks later, on May 9, 2022, I watched UST fall off its peg. In panic, I almost sold everything to limit the damage, but then I saw Mr. Kwon’s tweet: “Deploying more capital— steady lads.”. The price started recovering that day. I trusted him again and decided to keep the UST locked. What followed were two weeks of pure terror. The Terra blockchain halted. Mirror Protocol liquidity vanished. I couldn’t withdraw a single cent. When the system finally let me out on May 23, UST was trading below $0.07. Our $190,000 had become less than $13,000. Seventeen years of our lives — gone in two weeks. People say you should never risk money you can’t afford to lose. But this never felt like risk. The founder of the project had called it “too big to fail,” boasted that the Luna Foundation Guard would protect every dollar. To a desperate father trying to feed two families in a foreign country, it sounded like the safest investment ever. The money was only the beginning of the catastrophe. Less than two weeks after the collapse, my wife packed her bags. She could no longer trust that I could keep her and her mother financially safe. A few months later the divorce papers arrived. Our teenage sons chose to stay with me and my parents, to hold what was left of the family together. College was never mentioned again. Both boys quit school and now work as car mechanics to put food on the table. Today I am [redacted]. I live in [redacted] with my elderly parents, taking whatever cash jobs I can find, waiting for a war in my home country to end. My ex-wife lives in another country, babysitting strangers’ children to survive. My sons fix cars instead of studying the engineering degrees they once dreamed of. I cannot return to the United States — there is nothing left for us there: no home, no business, no savings, no future. Everything we built over nearly two decades vanished in May 2022. I never imagined a person I had never met, never spoken to, could destroy my family so](https://storage.mollywhite.net/micro/bc295b997c4a6e98cf8e_Screenshot-2025-12-11-at-4.42.55---PM.png)
Read · Dec 10, 2025
The Expanse series, book 3
Abaddon's Gate
- started
- Oct 10, 2025 · 53 days
- series
- The Expanse · book 3
- previously
- Caliban's War
Mage Tank series, book 3
Mage Tank 3
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- Nov 5, 2025 · 26 days
- series
- Mage Tank · book 3
- previously
- Mage Tank 2
oscar the couch
Citation Needed
Digital asset treasury companies are running out of steam
Convincing traders to pay $2 for $1 of bitcoin worked — for a while. As premiums evaporate, an unwind could be painful.
- tags
- #crypto
Read · Nov 19, 2025
Citation Needed
Issue 97 – This is hardship
While slumping prices have some fearing it’s crypto winter again, Trump looks to Saudia Arabia and American retail crypto investors to fund the development of his next hotel
that’s an unfortunate Google snippet
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- #us-politics
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- #programming #web