In a new study published in ACM Transactions on the Web, researchers from Queen Mary University of London have unveiled the intricate mechanisms behind one of the most dramatic collapses in the cryptocurrency world: the downfall of the TerraUSD stablecoin and its associated currency, LUNA. Using advanced mathematical techniques and cutting-edge software, the team has identified suspicious trading patterns that suggest a coordinated attack on the ecosystem, leading to a catastrophic loss of $3.5 billion in value virtually overnight.
Mathematicians uncover the hidden patterns behind a $3.5 billion cryptocurrency collapse
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