Honestly it’s one surprise after another. With Luna failing who knew we would get another catastrophic even so quickly.
The successful atrack on Luna and UST initiates a new dangerous and deadly trend in crypto. Attackers well plan to attack and trigger liquidation, depeg, bank-run and collapse of a whole project, platform and ecosystem.
But can this even be compared to LUNA/UST? Here we have a completely different scenario. There might not even be a coordinated attack. I mean it could be an attack where the attacker is selling stETH dropping the price, but maybe it's just market insecurity after the big dump, and many people just want to get back their "good old fiat" and don't want to hold crypto in any form. (In that case it could be a buying opportunity for stETH?