Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer

On further investigation by Uppsala, Wallet A’s transaction history showed it had received the 85 million UST from “terra1yl8l5dzz4jhnzzh6jxq6pdezd2z4qgmgrdt82k,” a wallet address on the Terra blockchain. The UST on the Terra blockchain was converted into UST on the Ethereum blockchain via Wormhole, a swap service for exchanging tokens from one chain to another.