👀 Study: UST crash was caused by Jane Street  

Those who carefully followed the collapse of UST will remember that it all started with a large sale of UST, which led to the stablecoin's depeg. There were rumors at the time that Alameda was behind the sale.

🔍 However, Wintermute analyst Igor Igamberdiev conducted a study and found out that “with a high probability” the same wallet that exchanged 85 million UST for USDC and thereby led to an imbalance in the UST / 3CRV Curve pool belongs to the trading company Jane Street.

It is also interesting that when the UST depeg happened, Do Kwon was looking for money to restore the peg. And there were rumors on the net that among the firms ready to help, the same Jane Street. Then Alameda slowed down, and Jump, Celsius and Jane Street were ready to give money.

It is not necessary that Jane Street had some malicious intent to bring down the UST on purpose. Perhaps the firm just wanted to exchange tokens, and the collapse in any case occurred, rather, due to the imperfection of the arbitrage algorithm, the slowness of the Do Kwon and the emergence of massive FUD.