Matt Levine, Columnist

Terra Is Back From Bankruptcy

Also Glencore bribes and stolen celebrity apes.

May 25, 2022 at 6:11 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Hey Terra is doing stuff:

We have talked a few times recently about Terra, the blockchain ecosystem whose algorithmic stablecoin blew up earlier this month. One model of Terra goes like this: