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FatMan: Terraform Labs sold over $450 million UST before the UST depeg

2022-12-07 07:15:32
Collection

ChainCatcher news, Terra researcher FatMan tweeted that new blockchain data reveals the fundamental reason for the UST depeg in May: within the 3 weeks prior to the UST depeg, an entity sold over $450 million of UST on the open market, and just 4 days after its last sale, UST began to collapse. This entity is Terraform Labs. (source link)

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