### Terra Crash Mastermind Exposed#
Hot Topic Overview
Overview
The mastermind behind the Terra collapse remains shrouded in mystery. Jacob Gadikian, founder of Notional Labs, suggests it might have been a coordinated attack. Attackers allegedly used bot trading to flood the network with a massive number of failed transactions, disrupting UST's peg mechanism and profiting from the chaos. These attackers initiated over 70,000 failed transactions from a handful of addresses, causing congestion in the validator nodes' memory pool, ultimately leading to Terra's downfall. While the true orchestrators remain at large, Terra founder Do Kwon faces extradition to the United States for investigation.
Ace Hot Topic Analysis
Analysis
The mastermind behind the Terra collapse may not be Do Kwon alone, but a coordinated attack orchestrated by an unknown third party. Jacob Gadikian, founder of Notional Labs, pointed out that the attackers initiated over 70,000 failed transactions from multiple addresses, causing congestion on the Terra network and preventing the recovery of UST's dollar peg. During the attack, trading volume surged sixfold, with numerous bot trades hindering Terra's recovery mechanisms. Gadikian also showcased a video of the Cosmos Hub security testnet being attacked, which closely mirrored the situation during UST's de-pegging, further supporting the possibility of an attack. Currently, the real culprits remain at large, while Terra founder Do Kwon faces extradition to the United States for investigation. Although Do Kwon may not be the sole orchestrator of the event, he still bears responsibility for the losses caused by the Terra collapse.
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 hinder Terra's ability to restore the UST dollar peg.
The attackers initiated over 70,000 failed transactions from a small number of addresses, causing congestion in the validator node memory pool.
The true orchestrators of Terra's collapse remain at large.