Wallet Which Caused Terra Collapse Is Managed by Terraform Labs, CoinDesk Korea Reports

According to CoinDesk Korea, the wallet, which caused a fatal blow to Terra and was pointed out as an attacker, was actually managed by Terraform Labs. It means that Terra's collapse was possibly caused by internal actions. The conclusion is made through analysis of the wallet's (0x8d47f08ebc5554504742f547eb721a43d4947d0a) transaction histroy done by blockchain security company Uppsala Security and CoinDesk Korea. It's said that the Korean prosecutors have confirmed the situation and are investigating it.
Source

Terra

Security Incidents

In This Article

Related News
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Terra chain halts operations, ASTRO token falls over 60% Terra chain halts operations, ASTRO token falls over 60%
Lending Protocol Sonne Finance Exploited for $20M Lending Protocol Sonne Finance Exploited for $20M
Users Lost $69M in $WBTC due to Address Poisoning Users Lost $69M in $WBTC due to Address Poisoning
Prisma Finance Exploited for $12M Prisma Finance Exploited for $12M
Latest News More More
BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report
Pyth launches new oracle ‘Lazer’ to offer price feeds to latency-sensitive apps
19 Hours Ago Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
1 Day Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
1 Day Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open