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Hack history / 2022 / Collapse or insolvency

TerraUSD (UST) stablecoin dramatically loses its peg

Collapse or insolvency on May 9, 2022

IN REVIEWONE SOURCE · 1 SOURCE
Lost
$40.00B
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked

What happened

No description from DefiLlama or SlowMist; see the sources below.

In review: single source for a loss of $500M or more.

Details

Date
May 9, 2022
Kind
Collapse or insolvency
Method
not stated
How in
Insiders: rug pulls, frauds, collapses
Target
not stated
Chains
Terra

Reported by

Related incidents

Cite this pageSwanBluechip, "TerraUSD (UST) stablecoin dramatically loses its peg collapse or insolvency, May 9, 2022: $40.00B lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htecbfe7a904/ (data as of 2026-10-31).
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