Jacob Gadikian, CEO of blockchain services firm Notional Labs, claims that the downfall of Terra and the depegging of its stablecoin UST were not the fault of the project's founder, Do Kwon. Gadikian alleges that an unidentified attacker orchestrated the attack on the Terra blockchain, aiming to disrupt the $1 UST peg and profit from arbitrage. Gadikian's claims are supported by other investigators who found evidence of increased transactions and bot activity during the alleged attack. Meanwhile, Do Kwon has been extradited to the United States to face fraud charges related to the Terra project, but Gadikian believes that the true perpetrators of the attack remain at large.



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