Entry details

Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer


Category: Crypto General -> Bankruptcy and frauds

Type: article


Tech analysis of start of Terra death spiral. "The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery."