Cryptocurrency news by Protos

Researcher ties Jane Street to notorious 'Wallet A' that helped depeg UST


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New research suggests that there’s a “good chance” Terra’s collapse was largely triggered by quant trading firm Jane Street.


Igor Igamberdiev, head of research at crypto market maker Wintermute, believes that Jane Street is likely related to the notorious ‘Wallet A,’ which swapped 85 million UST for USDC and imbalanced the UST/3CRV Curve pool. Wallet A is often considered to be a major contributor to the depegging of Terra in May.


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