[thematrixturtle]

> - borrowed $3bn in $btc

> - spread around some fud about peg and bank runs

> - dumped the fuck out of their $3bn $btc on market to trigger wider panic

I'm sorry, but this is deep in /r/wallstreetbets conspiracy territory. The Occam's razor explanation is that the infinite 20% returns Luna/Anchor Ponzi is actually collapsing and that's what's triggering the runs.

[Waterluvian]

And is it so surprising that the Ponzi scheme collapses when the general economy is having a bad time?

[unicornmama]

It has more to do with lending rates. The 10 year peaked above 3% and ibonds now yield 9.6%. Ponzi’s are getting a one-two punched. Suckers now have alternatives to seek better returns. Scammers and exploiters now pay to leverage up ponzi run ups.

[Waterluvian]

Fair enough. I just see it all as one interrelated ball of spaghetti economy.

[cdiddy2]

It is worth noting that the depeg started at a time when liquidity was moving from curve finances ust-3pool to 4pool(Both trading pools of stablecoins). This resulted in much less liquidity for a time which would be perfect time to attack the weakness.

It was always going to blow up though so it is possible this was just a coincidence and all it needed was slightly less liquidity to trigger the run.

[littlestymaar]

This kind of market manipulation does happen all the time in the cryptocurrencies trading world though. That doesn't mean it's the most likely explanation in this case (as there was a literal Ponzi scheme behind all this !), but it's not completely impossible either.