cryptolinkbase.com

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

Category: Crypto General -> Bankruptcy and frauds

Type: article

https://www.coindesk.com/tech/2022/06/17/wallet-that-helped-trigger-ust-implosion-linked-by-analysis-firm-to-terra-developer/

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 â?? though any motivation or rationale remains a mystery."