Polygon Chief Information Security Officer Mudit Gupta said the UST sell-off was suspicious yesterday: 1. Terraform Labs removed $150 million of UST liquidity from Curve yesterday; 2. 1 minute later, a newly transferred address put 84 million UST bridged to Ethereum, and 4 minutes later, it dumped UST, sparking a sell-off; 3. Shortly after, Terraform Labs removed another $100 million of UST liquidity from Curve; 4. As UST began to de-anchor, a Unknowns started selling ETH and buying UST ($100...
