June 28, 2022
CEO Terra Do Kwon

CEO Terra Do Kwon

According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.

Do Kwon reportedly utilised the Abracadabra protocol, DegenBox to drain as much as $2.7 billion from the UST and Terra coffers months before the Layer-1 protocol collapsed, according to a Twitter user as FatMan Terra.

(Read More) Source blockchain.news

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