BTC $78,654.92 -1.50%
ETH $2,476.42 -1.36%
BNB $752.80 +0.43%
XRP $1.39 -1.54%
SOL $103.08 -2.27%
TRX $0.3367 -0.10%
DOGE $0.0897 -0.64%
ADA $0.2180 -1.20%
BCH $259.17 +0.20%
LINK $12.68 -6.37%
HYPE $84.21 -2.82%
AAVE $131.60 -3.41%
SUI $0.8208 +1.77%
XLM $0.1910 +0.13%
ZEC $1,131.76 -6.47%
BTC $78,654.92 -1.50%
ETH $2,476.42 -1.36%
BNB $752.80 +0.43%
XRP $1.39 -1.54%
SOL $103.08 -2.27%
TRX $0.3367 -0.10%
DOGE $0.0897 -0.64%
ADA $0.2180 -1.20%
BCH $259.17 +0.20%
LINK $12.68 -6.37%
HYPE $84.21 -2.82%
AAVE $131.60 -3.41%
SUI $0.8208 +1.77%
XLM $0.1910 +0.13%
ZEC $1,131.76 -6.47%

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

2022-12-07 07:15:32

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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