LUNA/UST’s Collapse Was As Damaging For Crypto As Mt. Gox, Says Prominent Blockchain Founder

Avalanche founder Emin Gun Sirer, who diagnosed the fatal flaw in Ethereum's infamous DAO hack, said that this month's collapse was even bigger. He feels that it reaches the level of Mt. Gox and expects that this valuable lesson will open the door to regulators looking to rein in the industry.