Terra [LUNA]: Nansen’s report reveals new information on UST’s depegging fiasco
Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from Terra to Ethereum. The report also concluded that the UST de-pegging was not carried out by hackers or attackers.
The Nansen report titled “Demystifying TerraUSD De-Peg” is an attempt at investigating the Terra crash. The report said that the attack was carried out by a group of seven well-funded wallets within the Terra ecosystem. The Namsen researchers studied on-chain data between 7 -11 May and traced the beginning to the Anchor protocol on Terra.
<p lang=«en» dir=«ltr» xml:lang=«en»>1/ What really happened to $UST?After weeks of work from our team of researchers, here's an in-depth look at the $UST crisis that brought down the Terra ecosystem.
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Full report here: https://t.co/MMdtrUO6Ve pic.twitter.com/7HcsPNWZOQ
— Nansen
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