Challenge:
At the peak of Terra Luna’s rise – with over $8B in total value locked — a fund approached us. They were considering allocating a significant portion of their capital to the protocol and needed a clear, objective assessment of the technical risks and insurances.
Result:
Our blockchain due diligence uncovered critical architectural flaws and systemic vulnerabilities. We advised against investment. Four months later, Terra Luna collapsed. The stablecoin lost its peg, the ecosystem unraveled, and billions were wiped out. Thanks to our assessment, the client avoided exposure, strengthening their risk model and sidestepping one of the largest protocol failures in crypto history.