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Primer: Join Luke Martin in this episode of the WAGMI podcast, where he interviewed Onchain Wizard who had deconstructed the depegging event of UST, but from the Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has Per Crypto Twitter users, pseudonymous analyst Onchain Wizard’s theoretical analysis of how the attacker made $800 million by attacking the once third largest Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA How to make a 800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style: Everyone is talking about the $UST attack right now, including Janet Yellen. But no one After the broadly publicized collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA), crypto analytics companies, including

Wizard Speculates: How Attacker Made $800 Million De-Pegging Terra's UST

The collapse of Terra's UST stablecoin sent shockwaves through the crypto world, leaving many wondering exactly how the de-pegging occurred and, more importantly, who profited. Speculation is rife, and one particularly insightful analysis comes from the pseudonymous Onchain Wizard.

Unraveling the $UST De-Pegging Event

Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has plummeted. But how did this catastrophic event unfold, and who was behind it? Crypto analytics companies, including many on Crypto Twitter, are diligently investigating.

Onchain Wizard's Theoretical Analysis

Per Crypto Twitter users, pseudonymous analyst Onchain Wizard's theoretical analysis of how the attacker made $800 million by attacking the once third largest stablecoin is gaining traction. His deconstruction of the depegging event of UST offers a compelling narrative of the potential exploit.

The $800 Million Crypto Attack: Soros Style?

How to make 800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style: Everyone is talking about the $UST attack right now, including Janet Yellen. But no one seems to have a complete picture. Was it a coordinated attack? What vulnerabilities were exploited?

WAGMI Podcast: Onchain Wizard Interview

Primer: Join Luke Martin in this episode of the WAGMI podcast, where he interviewed Onchain Wizard who had deconstructed the depegging event of UST, but from the perspective of on-chain data. Listen to the podcast for a deep dive into the data-driven analysis and potential explanations.

Terra (LUNA) and UST Aftermath

After the broadly publicized collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA), crypto analytics companies, including [mention some specific companies if known], are working to piece together the exact sequence of events that led to the downfall. The repercussions are still being felt across the cryptocurrency market.

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