FatMan: Terraform Labs dumped over $450M in UST in 3 weeks before UST devaluation

FatMan, a cryptocurrency and financial researcher, tweeted, “New blockchain data collated by anonymous researcher @Cycle_22 reveals the root cause of the devaluation of UST in May. In the 3 weeks before the devaluation, an entity sold more than 4.5% on the open market. $100 million UST. 4 days after their last sale, UST started to collapse. That entity was none other than Terraform Labs.”