PayPal Yang Zhou Remembers the 2022 Thunderstorm: From Luna to FTX, That Storm Sweeped Everything "The Terra/Luna system collapsed in May 2022, causing the cryptocurrency market value to evaporate by $600 billion. Alameda took on the market liquidity crisis, with losses potentially ranging from $10-20 billion. The chain reaction spread to 3AC, PayPal, BlockFi, FTX, Genesis, DCG, and more. The first to fall were 3AC and PayPal, as both institutions are the largest options market makers and sellers in the market. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=39184