Terra and FTX, 2022: when the platform is the risk
Separate price risk from platform and counterparty risk.
Module 25 of 26, When it goes wrong: real blowups. Lesson 6 of 6, about 16 minutes.
The takeaway
Where coins sit matters as much as which coins you hold. A platform is a counterparty risk that price alone does not cover.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
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