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Benzinga
Benzinga
Business
Samyuktha Sriram

Analysts Flag 7 Whales Behind Terra (LUNA) Crypto Death Spiral

Nansen

Research analysts at Nansen have identified seven whale wallets behind the Terra (CRYPTO: LUNA) death spiral in May.

What Happened: According to an on-chain investigation from Nansen, a small number of players were able to identify vulnerabilities early into the TerraUSD (CRYPTO: UST) de-peg, which led to a subsequent exploit.

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