New blockchain data proves that the UST/LUNA depeg was caused by Do kwon and LFG rather than a third party like they suggested. LFG sold 1B+ of UST for USDT.
1 min read
Some new details were found in the LFG audit that they just did.
This bombshell data, collated by the anonymous researcher Cycle22 who discovered the Hodlnaut insolvency), reveals that TFL suddenly began furiously dumping hundreds of millions of UST only days before the depeg.
TFL has been saying that the UST depeg was caused by a third party attack, but this data proves otherwise.
Oh, and how do we know it was TFL that dumped all that UST? They accidentally admitted it in their own audit. People can lie, but the blockchain can’t.
These are there wallet addresses
Here is a link to the audit for anyone interested: https://lfg.org/audit/LFG-Audit-2022-11-14.pdf
Credit to Fatmanterra on twitter for sharing, and be sure to go read his post with greater details.
submitted by /u/Far-Scholar9028
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