Lessons to draw from Luna/UST episode

I suggest an emergency governance team for immediate response comprising of top validators on fx and foundation team to make a 24hr vote, after which the information is then alerted to other members of the public while implementation of the foundation members and validators are ongoing pending the emergency 3 days response from the General public on a proposal to solve the network challenge. This idea could be adopted through a proposal and if found acceptable, a mechanism should be introduced for selecting qualified foundation members and top network validators to ensure a quicker and smoother response. In other words there would be need for a guideline manual to qualify as an emergency security governance team. Just a suggestion.

yes but really the only way that would be effective is if the exchanges agree to stop trade immediately before you started the vote process; because in the case of LUNA 1 day spent making the decision was to long; any faulter in the vote or decision process & bam to late if trade was still happening