Based on transaction analysis, Wintermute’s head of research Igor Igamberdiev reported that there is a “huge chance” that the purse involved in the TerraUSD (UST) attack belongs to the trading firm Jane Street.
On May 3, 2022, Clearpool reported that Jane Street borrowed $25 million from BlockTower using its loan pool. Based on this information, three wallets belonging to the trading company were identified, particularly Wallet A.
It was Wallet A that exchanged 85 million UST for USDC and unbalanced the UST/3CRV Curve pool.
Two weeks later, this wallet borrowed $25 million again and moved it to a Coinbase user wallet.
This same Coinbase wallet also had $84.5 million transferred to it from Wallet A. The exchange wallet did not make any transactions other than the two mentioned deposits.