Ever since the Terra ecosystem collapsed, the entire crypto space fell into a bear market, resulting in numerous fallouts and bankruptcies. Initially, it was believed that the selling pressure was orchestrated by a group of traders who had doubts about the stability of algorithmic stablecoin. Su Zhu, the CEO of 3 Arrow Capital, claims Sam Bankman-Fried and FTX conspired in the attack on LUNA and stETH.
Lookonchain, a popular on-chain analytical platform, has attempted to connect the dots with on-chain evidence, including the de-pegging of stETH in June.
Source: https://coinpedia.org/news/were-sbf-and-ftx-involved-in-the-collapse-of-the-terra-ecosystem-discover-the-truth-here/