In The Past 1 Hour Hodlnaut Has Repaid About 3M USDT on Compound

Jun 28,2022
KingData News : According to PiperShield, the crypto-lending platform Hodlnaut has repaid about 3 million USDT on Compound in the past hour. Previously, according to Terra Research Forum member FatMan, Hodlnaut sent 171 million USTs to FTX on May 11, 2022. On-chain data shows that it may have transferred large amounts of money to Anchor in January without informing its customers and may have suffered tens of millions of dollars in losses in the UST de-anchoring incident.
This indicator provides follow-up on the depg of Terra's stablecoin UST on May 8th. Terra's stablecoin UST briefly lost its peg to the U.S. dollar on May 8th, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs as one account traded about $85 million worth of UST for USDC on Curve Finance, while another user reportedly sold $108 million worth on Binance. UST posted a slight recovery shortly after Terraform Labs CEO Do Kwon posted a tweet calling out the stablecoin's critics.