Key Points:
Igamberdiev claimed that, based on transaction analysis, there is a “good chance” the wallet is related to Jane Street. Clearpool had announced on May 3, 2022, that Jane Street borrowed 25 million USDC from BlockTower using its permissioned lending pool, and based on this, he identified three addresses belonging to the trading firm, with one, dubbed Wallet A, being of particular interest.
Many post-mortems after the Terra events have focused on “Wallet A” which played a large role in UST depegging “Wallet A” swapped 85M UST for USDC and imbalanced the UST/3CRV Curve pool There is a good chance this wallet is related to
Wallet A borrowed $25 million two weeks later before depositing it into a Coinbase wallet. Igamberdiev noted that the wallet received 84.5 million USDC from the UST de-pegger, and that it didn’t have any other interactions other than these deposits, indicating that it’s “highly likely to belong to the same entity.” However, Jane Street did not respond to a request for comment.
Igamberdiev also noted that the wallet held UST on Anchor for a month, but added that “it wouldn’t necessarily mean that Jane Street had malicious intent.” The TerraUSD stablecoin, which is often referred to as UST, collapsed in May 2022, causing losses of tens of billions of dollars for investors.
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