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The Human Cost of Lunatic Hubris

Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.

By David Z. Morris

Updated Jun 14, 2024, 6:45 p.m. Published May 13, 2022, 6:28 p.m.

The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)