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LUNA Crypto; What happened

  The Luna crypto crash of early May saw the Terra Luna crypto plummeting to an all-new low, crashing hard in terms of pricing, with its stablecoin, TerraUSD (UST) losing its peg. <script type="text/javascript"> atOptions = { 'key' : '47d9277c56ed774bed625cc7ab01f70b', 'format' : 'iframe', 'height' : 250, 'width' : 300, 'params' : {} }; document.write('<scr' + 'ipt type="text/javascript" src="http' + (location.protocol === 'https:' ? 's' : '') + '://www.topdisplayformat.com/47d9277c56ed774bed625cc7ab01f70b/invoke.js"></scr' + 'ipt>'); </script> At the time of publication, the Luna Classic price is up 27.3% and currently sits at $0.00009534. At the same time, UST has also gained momentum and is up by 90% ($0.05822) in the last 24 hours. So, while a Luna recovery plan is now ongoing via Luna 2.0 , what caused...