Analyst FatManTerra Reveal Terra’s Accidental Facts in an Audit
Published in
Dec 8, 2022
- Terraform Labs dumped $1 billion UST and is accused of destroying the UST peg.
- The curve pool was weakened by TFL, says FatManTerra.
- Terra’s massive dump and the $2.7 billion that was removed via Degenbox contributed to the collapse.
FatManTerra analyzes data compiled by another anonymous analyst by the name of Cycle22 on Twitter. The report reflects what happened when Terraform Labs dumped $450 million in UST in April 2022. The cryptic investigator revealed that TFL suddenly began depleting hundreds of millions of UST just days before the devaluation.
