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UST fiasco is very fishy. - Terraform Labs removed $150m of UST liquidity from Curve yesterday - 1 minute later, a freshly funded address bridged $84m of UST to Ethereum (Initiated bridging before TFL removed liquidity) - 4 min later, it dumped the UST, triggering the sell-off

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Do Kwon

@stablekwon

May 8

- We removed 150M UST from Curve to get ready to deploy into 4pool next week - 84M dump not us - lmk if you find out who - After the imbalances started to happen, we removed 100M UST to lessen the imbalance Obv TFL has no incentive to depeg UST

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Mudit Gupta

@Mudit__Gupta

May 8

Just a bad coincidence of timings, I suppose :) TFL has no incentive to depeg but if you know something is going to depeg temporarily, there are a lot of money-making opportunities. Not saying you/TFL did it but it was a coordinated fud.