Many crypto investors are wondering whether they should invest in the new Terra Luna, dubbed Luna 2.0. The gigantic collapse of Terra Luna left many wounded on the crypto battlefield, some lost their entire life savings in the South Korean project.
Reviving the project via a hard fork was questioned by key figures in the industry such as the Binance CEO, Changpeng Zhao.
Before diving into Luna 2.0, an investigation was carried out by Nansen, a blockchain analytics platform. Nansen investigated what really happened to Terra Luna and identified just 7 Ethereum wallets that may have triggered the collapse of the Terra Luna network.
The 7 Wallets
Rather than ‘an attack’ on the network, Nansen’s findings suggest 7 wallets capitalized over arbitraged vulnerabilities in the network. The 7 ETH wallets that may have lead to the collapse of Terra Luna according to Nansen are:
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0x8d47f08ebc5554504742f547eb721a43d4947d0a (EIP 1559 User)
0x4b5e60cb1cd6c5e67af5e6cf63229d1614bb781c (Celsius)
0x1df8ea15bb725e110118f031e8e71b91abaa2a06 (hs0327.eth)
0xeb5425e650b04e49e5e8b62fbf1c3f60df01f232 (Heavy Dex Trader)
0x41339d9825963515e5705df8d3b0ea98105ebb1c (Smart LP: 0x413)
0x68963dc7c28a36fcacb0b39ac2d807b0329b9c69 (Token Millionaire / Heavy Dex Trader)
0x9f705ff1da72ed334f0e80f90aae5644f5cd7784 (Token Millionaire)
Additionally, Nansen investigated social media reports that UST-3pool on Curve, a liquidity pool that allowed swapping UST for USDC / DAI / USDT was drained out of liquidity by a single user, which was the main cause for the de-pegging.
Nansen discovered 2 major events in the Curve protocol on Ethereum
Ethereum
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents…
