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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. http://www.coindeskkorea.com/news/articleView.html?idxno=79890 … But it's not true - it's total nonsense. (1/4)
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)
Read their conclusion. The general idea is, allegedly, Terra's Binance account (that got an initial deposit from LUNC DAO) is linked to Wallet A, the Curve UST dumper, because it also transacted heavily with LUNC DAO. But the one simple thing they missed is... (3/4)pic.twitter.com/frmmPJuIDE
That's not LUNC DAO's wallet! That's KuCoin's hot wallet! It makes the whole report nonsense, because obviously two addresses are not linked simply by virtue of receiving money from KuCoin. All it means is they are both KuCoin users. Nothing sinister and nothing proven. (4/4)
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.
@CoinDesk plz also share this article in America en Europe ? @stablekwon
did you read the tweet? it’s not true, he literally says that in the tweet.
big shit. my 5k will never show up again. fuck it. all of you.
Only thing 100% sure is that 80% of ppl commenting can’t read a full thread
I don’t understand the endgame here. Did they they think they wouldn’t be caught? That there would be no consequences?
can you read?
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