### Terra Crash Mastermind Exposed#
Hot Topic Overview
Overview
The Terra collapse may not have been solely orchestrated by Do Kwon, but rather a coordinated attack by an unknown third party. The attackers launched over 70,000 failed transactions from multiple addresses, causing network congestion and hindering Terra's mechanism to restore the UST stablecoin. The attackers used bot trading to profit heavily during the UST de-pegging, ultimately leading to the collapse of the Terra ecosystem. Currently, the true culprits remain at large, and investigations are ongoing.
Ace Hot Topic Analysis
Analysis
The mastermind behind the Terra collapse may not be Do Kwon alone, but an unidentified third-party attacker. Jacob Gadikian, founder of Notional Labs, believes the attack was a coordinated effort, where attackers used bot trading to generate a large number of failed transactions, causing congestion on the Terra network and preventing the recovery of UST's dollar peg. The attackers initiated over 70,000 failed transactions from a few addresses, clogging the validator nodes' memory pool, ultimately leading to UST's de-pegging. Gadikian also presented a video of a Cosmos Hub security testnet being attacked, which closely resembled the situation during UST's de-pegging, further supporting the possibility of an attack. While Do Kwon faces extradition to the United States, the true orchestrators remain at large, and investigations are ongoing.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Terra's collapse may have been caused by a coordinated attack orchestrated by an unknown third party.
The attackers used a large number of bot transactions to prevent Terra from restoring the UST dollar peg through its economic model.
The attackers initiated over 70,000 failed transactions from a small number of addresses, causing congestion in the validator node memory pool.
Terra's collapse was not solely caused by Do Kwon, the real mastermind is still at large.