Wintermute researcher links wallet associated with UST depeg to Jane Street

Wintermute’s caput of probe Igor Igamberdiev said “there is simply a bully chance” 1 of the wallets linked to Terra’s UST depeg could beryllium tied to trading steadfast Jane Street.

In a Feb. 28 Twitter thread, Igamberdiev said Clearpool unwittingly disclosed 3 addresses associated with Jane Street erstwhile it announced that the trading steadfast borrowed 25 cardinal USDC from BlockTower successful May 2022.

According to Igamberdiev, 2 weeks aft UST collapsed, 1 of these addresses borrowed $15 cardinal from the lender and repaid the funds with an further $10 million.

After that, the wallet invested $150,000 successful tonicdex and borrowed $25 cardinal that it deposited into a Coinbase wallet.

Igamberdiev noted that Coinbase’s deposit was “interesting” due to the fact that the aforesaid wallet received 84.5 cardinal USDC from Wallet A that caused UST depeg. He added:

“This wallet didn’t person immoderate different interactions different than the 2 mentioned deposits Therefore, they are highly apt to beryllium to the aforesaid entity.”

Meanwhile, Igamberdiev pointed retired that this does not needfully mean Jane Street had malicious intent, arsenic Wallet A had its UST connected Anchor for a month.

Jane Street has not yet responded to CryptoSlate’s petition for remark arsenic of property time.

The station Wintermute researcher links wallet associated with UST depeg to Jane Street appeared archetypal connected CryptoSlate.