fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, October 4, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Do Kwon’s Wallet was Not Behind the Depegging of TerraUST

June 15, 2022
in Altcoin
Reading Time: 3 mins read
A A
Do Kwon’s Wallet was Not Behind the Depegging of TerraUST
ShareShareShareShareShare

Related articles

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

October 4, 2023
SBF Trial: Day 1 concludes without a final jury selected

SBF Trial: Day 1 concludes without a final jury selected

October 4, 2023

CoinDesk Korea published an article yesterday suggesting that the mysterious wallet behind the de-pegging of TerraUST is owned by Terraform Labs. The article went on an in-depth analysis of wallet transfers from various points accusing Terraform Labs to be the one that depegged the USD. In conclusion, the article claimed that the de-pegging of TerraUST was an inside job and was initiated deliberately.

Also Read: Celsius could experience more heat as past speculations resurface

Did TerraForm Labs Wallet Really Depeg TerraUST?

Anonymous Twitter user’ FatManTerra‘ who revealed multiple wrongdoings of the Terraform Labs team by accusing them of financial fraud, took to Twitter stating that Coinbase Korea’s article is false and baseless.

Moreover, he also urged Coinbase Korea to pull down the article as the information provided in it is inaccurate.

“CoinDesk Korea just released the bombshell revelation that the wallet behind the UST de-pegging is actually owned by Terraform Labs. If true, this would mean TFL intentionally caused the de-pegging.”

CoinDesk Korea just released the bombshell revelation that the wallet behind the UST depegging is actually owned by Terraform Labs. If true, this would mean TFL intentionally caused the depegging. https://t.co/FPvEYjuuq1

But it’s not true – it’s total nonsense. (1/4)

— FatMan (@FatManTerra) June 14, 2022

Read Also: Post Terra, Celsius debacle, Is 3 Arrow Capital facing concerns now?

He added, “I found a major hole in their report (based on research from Uppsala Security, a chain analysis firm) making the whole thing untrue.”

FatManTerra also showed disappointment that the large news outlet published the bombshell story without thoroughly fact-checking.

The news is wildfire. It’s already big in Korea, and the data found is being used by Korean prosecutors. It’s on Huobi Global as well. But, I found a major hole in their report (based on research from Uppsala Security, a chain analysis firm) making the whole thing untrue. (2/4)

— FatMan (@FatManTerra) June 14, 2022

“If you need your reports fact-checked, feel free to get in touch. I’m always here. I am disappointed that an outlet as prestigious as CoinDesk Korea would publish this without running basic checks.”

In conclusion, the notion that Terraform Labs wallet was behind the de-pegging of the TerraUST is false. Also, there is no concrete evidence to support the claims, and the wallet that actually depegged the UST remains to be a mystery.

PS. If you need your reports fact-checked, feel free to get in touch. I’m always here. I am disappointed that an outlet as prestigious as CoinDesk Korea would publish this without running basic checks.

— FatMan (@FatManTerra) June 14, 2022

Nonetheless, read the Twitter thread below by FatManTerra that debunks the claims that Terraform Labs was behind the de-pegging.

It’s still so wild to me that a chain analysis company with offices in multiple countries working a month-long investigation, Korean TV media, and Korean prosecutors all believed that TFL broke their own peg just because they mistook the KuCoin hot wallet for a Twitter LARPer’s. https://t.co/CIeD3dkF9w

— FatMan (@FatManTerra) June 14, 2022

Moreover, at press time, Luna 2.0 was trading at $2.38 and is down 12.8% in the 24-hours day trade. It is also down 87.2% from its all-time high of $18.87, which it reached on launch day last month.


Credit: Source link

ShareTweetSendPinShare
Previous Post

ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision – Market Updates Bitcoin News

Next Post

This is When Bitcoin (BTC) & Ethereum (ETH) Price Could Break $20,000 & $1000

Related Posts

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

October 4, 2023

Ripple’s XRP emerged as one of the rare gainers during a subdued 24 hours in the cryptocurrency market that saw...

SBF Trial: Day 1 concludes without a final jury selected

SBF Trial: Day 1 concludes without a final jury selected

October 4, 2023

The first day of the Sam Bankman-Fried (SBF) trial ended without a final jury being selected, and the process will...

Judge rejects SEC’s request to appeal Ripple decision

Judge rejects SEC’s request to appeal Ripple decision

October 3, 2023

The ongoing legal skirmish between the SEC and Ripple Labs added another chapter as Judge Analisa Torres denied the SEC’s...

Prosecutors say plea deal was never considered for Sam Bankman-Fried

Prosecutors say plea deal was never considered for Sam Bankman-Fried

October 3, 2023

On the opening day of  Sam Bankman-Fried‘s criminal trial in New York,  U.S. government prosecutors told the court that that...

Binance continues to wind down BUSD by ending borrowing and staking support for the stablecoin

Binance continues to wind down BUSD by ending borrowing and staking support for the stablecoin

October 3, 2023

Global crypto exchange  Binance announced on Oct. 3 that  it will end support for Binance USD (BUSD) borrowing and staking...

Load More
Next Post
This is When Bitcoin (BTC) & Ethereum (ETH) Price Could Break $20,000 & $1000

This is When Bitcoin (BTC) & Ethereum (ETH) Price Could Break $20,000 & $1000

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2

Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2

October 1, 2023
This Is Why Kraken Plans To Support Stock Trading In 2024

This Is Why Kraken Plans To Support Stock Trading In 2024

September 28, 2023
Crypto exchange Kraken plans move into US stock trading: Report – Cointelegraph

Crypto exchange Kraken plans move into US stock trading: Report – Cointelegraph

September 27, 2023
ZTX To Introduce New Virtual World Immersive Features in Upcoming Beta Version to Kickstart Community Activities

ZTX To Introduce New Virtual World Immersive Features in Upcoming Beta Version to Kickstart Community Activities

September 29, 2023
Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’

Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’

October 1, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Ethereum futures ETFs on CME begin with light trading volumes
  • FTX-SBF charges valid despite lack of US crypto laws, DOJ says – Cointelegraph
  • Coinbase CLO Responds to SEC’s Opposition
  • Experts Foresee Bitcoin ($BTC) at $30K Next Month; Whales Dive into Filecoin ($FIL) and InQubeta ($QUBE)
  • Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,537.00-0.31%
  • ethereumEthereum(ETH)$1,646.40-0.72%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$212.40-1.26%
  • rippleXRP(XRP)$0.545.07%
  • usd-coinUSDC(USDC)$1.000.02%
  • staked-etherLido Staked Ether(STETH)$1,646.43-0.74%
  • solanaSolana(SOL)$23.54-2.62%
  • cardanoCardano(ADA)$0.256767-1.97%
  • dogecoinDogecoin(DOGE)$0.061089-1.34%
  • tronTRON(TRX)$0.0888421.04%
  • ToncoinToncoin(TON)$2.01-2.49%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.220.34%
  • matic-networkPolygon(MATIC)$0.583.09%
  • polkadotPolkadot(DOT)$4.04-2.61%
  • litecoinLitecoin(LTC)$64.49-2.15%
  • bitcoin-cashBitcoin Cash(BCH)$230.32-4.55%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,508.00-0.34%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.82%
  • chainlinkChainlink(LINK)$7.55-0.35%
  • daiDai(DAI)$1.00-0.06%
  • avalanche-2Avalanche(AVAX)$9.733.77%
  • leo-tokenLEO Token(LEO)$3.71-0.36%
  • true-usdTrueUSD(TUSD)$1.000.02%
  • uniswapUniswap(UNI)$4.32-3.71%
  • stellarStellar(XLM)$0.1128111.24%
  • moneroMonero(XMR)$148.661.86%
  • okbOKB(OKB)$43.180.08%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.07%
  • ethereum-classicEthereum Classic(ETC)$15.58-4.35%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.01-2.80%
  • hedera-hashgraphHedera(HBAR)$0.048571-3.32%
  • filecoinFilecoin(FIL)$3.30-0.90%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • internet-computerInternet Computer(ICP)$3.192.28%
  • lido-daoLido DAO(LDO)$1.601.29%
  • crypto-com-chainCronos(CRO)$0.050183-0.85%
  • MantleMantle(MNT)$0.406458-1.35%
  • makerMaker(MKR)$1,424.66-2.14%
  • quant-networkQuant(QNT)$88.09-0.71%
  • AptosAptos(APT)$5.29-2.00%
  • vechainVeChain(VET)$0.016645-2.96%
  • optimismOptimism(OP)$1.31-3.73%
  • ArbitrumArbitrum(ARB)$0.88-4.21%
  • nearNEAR Protocol(NEAR)$1.09-2.43%
  • KaspaKaspa(KAS)$0.050278-1.18%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%