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
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
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%
Latest News More More
3 Days Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
3 Days Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
4 Days Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
4 Days Ago Binance Records $3.97B Weekly Inflows
4 Days Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open