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
Arbitrum Stopped Processing Transactions due to Sequencer Bug, Now Fixed Arbitrum Stopped Processing Transactions due to Sequencer Bug, Now Fixed
Do Kwon Reported to Have Political Ties with Former Montenegro Finance Minister Do Kwon Reported to Have Political Ties with Former Montenegro Finance Minister
Atomic Wallet Hack Worked by Professional Hackers, Funds Transferred to Exchanges Blocked Atomic Wallet Hack Worked by Professional Hackers, Funds Transferred to Exchanges Blocked
Multichain's Cross-chain Service on Some Networks Back in Action Multichain's Cross-chain Service on Some Networks Back in Action
Atomic Wallet Hack Losses top $35M, Reason still Unknown Atomic Wallet Hack Losses top $35M, Reason still Unknown
Latest News More More
Hong Kong Monetary Authority Plans to Push Implementation of Retail e-HKD Ahead
7 Minutes Ago Alibaba's E-Commerce Platform Deletes Content Regarding NFT Launch
29 Minutes Ago European Union's Crypto Asset Markets Law (MiCA) Officially Published
3 Hours Ago OKB's 20th Round of Buy-Back & Burn Program Results in Over 5 Million $OKB Tokens Burned
6 Hours Ago Paradigm Comments on SEC's Proposal to Regulate DEX as Securities Exchange
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open