BlocksInform
Terra's implosion this past summer continues to plague the crypto industry. Numerous post-mortem reports have gone into detail about the wallets that contributed to the collapse while simultaneously adding curiosity to a certain “Wallet A.”
Wintermute’s researcher, Igor Igamberdiev, believes that “there is a good chance” one of the wallets linked to the UST depeg could, in fact, be tied to trading firm Jane Street.
The “Wallet A”
In the latest Twitter thread, Igamberdiev pointed out that the mysterious Wallet A, which played a significant part in the event, swapped 85M UST for USDC and imbalanced the UST/3CRV Curve pool. He further stated that Clearpool unknowingly revealed three addresses associated with Jane Street during its last May announcement when the trading firm borrowed 25 million USDC from BlockTower.
According to igamberdiev, the portfolio borrowed 15 million dollars from the lender and repaid the funds with another 10 million dollars two weeks after the collapse. He even invested $150,000 in a decentralized scholarship called tonic and borrowed $25 million, which he deposited in a coin portfolio. The exchange portfolio deposit was deemed 'interesting' by the researcher because he had received 84.5 million USDC portfolio a, that eventually led to stable depression.
In addition, no other interactions were recorded apart from these deposits, indicating that the portfolio could have been held by the same entity.
"It adds colour to the rumours about Jane Street's involvement in the theoretical rescue of Terra."
Although related to the fateful event, Igamberdiev claimed that the transactions do not prove that Jane Street had malicious intention.
Aftermath
As a result, Terra renamed and even launched a new LUNA piece, while the original became known as the LUNA Classic (LUNC). The US Securities and Exchange Commission (SEC) charged the former boss of Terraform Labs, Do Kwon, with securities fraud. Although we still do not know where Kwon is, according to the regulator, he is hiding in Serbia.
South Korea put out an arrest warrant this past September. Interpol also issued a "red flag" for him or an appeal to international law enforcement authorities to "locate and temporarily arrest a person awaiting extradition, surrender, or a similar judicial proceeding." However, in an interview, Kwon denied receiving a copy of the red notice.
