One of crypto's most infamous collapses: how a $60 billion ecosystem imploded. Between 2021 and 2022, Terra/Luna went from a celebrated DeFi darling to a cautionary tale. The stablecoin promised safety. Investors were told their funds were secure. Then everything unraveled, wiping out $40 billion in value. What's striking isn't just the scale of the crash—it's the disconnect between what was promised and what actually happened. The project leadership maintained confidence even as red flags multiplied. It's a reminder that in crypto markets, billion-dollar ecosystems can evaporate when accountability disappears and promises aren't backed by sound fundamentals. For traders and investors, the Terra/Luna saga remains a textbook lesson: always question the mechanisms behind the promises.