Thanks to the price oracle exploit on anchor_protocol a lucky user made $800,000 in a couple of transactions
should have been around $200,000. After noticing the issue, a user took a loan of 40 million UST and withdrew it at a massive $800,000 profit.Other users also noticed the issue with the price oracle on the platform and tried to exploit it but faced an error almost immediately. The platform's team was fast enough to fix the bug and avoid additional losses.Some users even accused Do Kwon himself of performing an exploit since he is the only one able to perform such a thing purposefully.
The whole cryptocurrency market was waiting for the final launch of Luna 2.0, but Do Kwon's attempt to revive the network ended up as another catastrophe as the new token lost 70% of its value out of the gate, causing even more controversy in the community considering only a small portion of funds were unlocked and more selling pressure is expected to reach the market.
Traders and investors are still calling the Terra co-founder out, assuming he is the one responsible for the 100% crush of Luna token and depegging of UST stablecoin.
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