Inside Job? Wallet That Caused the UST Attack Suspected to Belong to Terraform Labs (Report)

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An investigation of the TerraUSD and LUNA fiasco from last month shows that it could have been an inside job.

investigations, and numerous watchdogs have outlined plans to incorporate regulations on the industry and stablecoins in particular.by Uppsala Security shows one address that has been implicated as being responsible for the initial run against UST and its de-pegging.

The investigation showed several accounts that were somehow involved in what transpired, all linked, including some on Binance and Coinbase, as well as how they transferred UST, USDC, and USDT between each other.The first act that triggered the de-pegging occurred when a “wallet associated with TFL removed approximately 150m of UST liquidity from Curve pool.

Wallet A was depositing UST into a specific Binance account linked to a destination Memo: 104721486. It started receiving UST earlier this year and had obtained almost 124 million UST by May 25, most of which came from Wallet A.

 

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trondao Pretty sure you are aware of possibilities.Similar pattern in Tron shooting up like Luna did before the dump. That is why the collateral is brought into the picture. Foresight. Best wishes.

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