Terra victims’ statements reveal scale of tragedy behind the numbers

@FatManTerra precocious tweeted details of statements fixed by Anchor victims.

Anchor Protocol is Terra’s lending borrowing level that aims to nutrient a simple and safe savings merchandise for wide adoption. When the UST stablecoin mislaid its peg price, $31 billion evaporated from the Terra ecosystem.

@FatManTerra said the numbers don’t overgarment a implicit representation of “the standard of tragedy” impacting those who fell unfortunate to the disaster.

🧵 I conscionable spent 2 hours going done 109 Anchor unfortunate interaction statements, and my bosom is incredibly full. Numbers and charts marque it hard to quantify the standard of the calamity that happened this week. I don't deliberation immoderate words tin bash it justice, either. Here's immoderate much data. 🧵 pic.twitter.com/hxHsE6Bl2M

— FatMan (@FatManTerra) May 21, 2022

The qualitative accounts of Terra victims

One victim, a Ukrainian national, spoke of believing successful Terra, much truthful fixed that cash, nether his circumstances, wasn’t harmless to keep. He felt assured capable to enactment his and his family’s beingness savings into the ecosystem, lone for catastrophe to strike.

“I americium not a speculator, I conscionable wanted to prevention money. it was not lone my money, but my family’s wealth accumulated implicit the years.”

He had already mislaid his flat successful Donetsk and astir of his savings erstwhile a section slope declared bankruptcy. But the Terra implosion was the astir important loss, and helium doesn’t cognize if helium volition survive.

Another, who described herself arsenic a azygous ma with 2 young children, said her Terra funds were her information net. With the wealth gone, she present feels “completely insecure and afraid” for her future.

“Since losing it I consciousness wholly insecure and afraid. I find myself waking up successful the mediate of the nighttime feeling panicked astir the uncertainty of my fiscal future.”

She’s present perpetually filled with interest and feelings of  “shame, guilt, and embarrassment.” The wealth was intended to supply stableness for her family.

The survey information is in

Along with statements, Anchor victims besides had the enactment of completing a survey. The results of which further pass the interaction of the Terra implosion.

92% of victims said their finances person been severely impacted, and 87% suffered intelligence wellness problems owed to the crisis.

Almost half (47%) study the incidental causing friction with family. While 91% said their slumber has been negatively affected, with immoderate reporting nary slumber for 3 days earlier uncovering the probe program.

“A fewer radical person told maine they hadn’t slept for 3 days earlier they recovered us.“

More alarmingly, @FatManTerra noted that 41% had considered self-harm oregon adjacent termination astatine immoderate point.

Victims, connected average, spent 5 years gathering up the savings which were lost, with 2 respondents saying they mislaid 20 years’ worthy of savings.

“The mean fig of years that radical spent gathering up the savings that they mislaid is 5 years. The median is 3 years. Two radical person mislaid 20 years of their savings.“

@FatManTerra ended the tweetstorm, saying lives person been ruined. Being benignant is simply a tiny happening to bash to assistance the healing process.