Brutal unexpected crypto events that have happened in the past few months

This is the continuation of a series that I started a week ago about the Insane and unexpected crypto events that have happened in the past few months, basically, events that have happened since the beginning of this year 2022, which we all know that it has not been a smooth one due to the prolonged bear market, the crypto market has been playing mind games for a long time now, some people have grown a thick skin and have worked on their trading psychology, so they were not moved by the brutal nature of the market in the past few months, but some people, on the other hand, have fallen for the crypto markets mind games, they have gotten emotional and made some decisions they might regret later, decisions like selling off all their coins because of the bloodbath in the crypto market and could not take it or watch the value of their portfolios go down anymore.

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The Luna Saga

While some individuals and companies have been the most unfortunate ones, due to the crash of LUNA/UST, a rising star project that crashed 100% leaving their investors in deep trouble and problem, due to poor management and planning, also Do Kwon the CEO and founder of Terra LUNA and UST have been sued for misleading investors about the value of Terra tokens and also of allegedly withdrawing $80 million before the LUNA/UST crash, Do Kwon seem to be in big trouble and won't be getting out of the two Class Action Lawsuit against him and Terra lab anytime soon, depending on how the case goes, but am pretty sure it won't go in his favor because a lot of people, crypto lending firms and crypto exchanges invested millions in fact hundreds of millions into LUNA and now all that money is gone.

Luna Saga Was A Catalyst

So after the Luna crashed a lot of crypto firms and exchanges started coming forward to open up that they invested millions and billions in luna, directly and indirectly, here is what I mean by directly and indirectly voyager lent money to three arrow capital (3AC) and 3AC invested in Celsius who invested directly into luna, but 3ac and voyager invested indirectly but the button line here is this due to the luna crash they all filed for bankruptcy, and I feel bad for their clients who might or might get their money back, especially for those who invested in Celsius, who's terms and conditions clause will protect them from any lawsuit if they decide not to pay back.

Crypto Critics And Michael Saylor

Crypto critics and a lot of people made Michael Saylor very famous on Twitter when they kept posting about him getting margin calls or liquidated on his trades if Bitcoin goes below $20k but he cleared these rumors and speculation about his company Microstrategy getting any margin calls below $20k and said they would only get margin calls if Bitcoin goes below $3k and even then they will be safe because they have backup funds for when that happens, he stated that they are prepared for anything that happens.

Before I forget, Peter Schiff was the leader of the Crypto critics, he enjoyed trolling Crypto and Bitcoin holders including Michael Saylor until his bank got shut down and he has not said anything about crypto ever since then but I have a feeling he will be back and would be wrong about Bitcoin and crypto as usual.

The next part would be the last of this on insane and unexpected crypto events that have happened in the past few months.

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