First of all I don't want to spread FUD. I rather would like to see a discussion around something interesting I've found. I personally have my doubts but it all started with this twitter thread
Summarized, Kucoin used to be a popular CEX to buy and sell UST.
Kucoin also used to be the biggest holder when it came to wrapped Luna. ( which is basically LUNA on the Ethereum blockchain )
This is when I started to doubt the thread and looked it up myself. Everyone can post a screenshot / picture from the past or even photoshop it right? First I checked if they are still the richest Address and currently they are not. They are currently rank 4. So I looked up the official Kucoin address and scanned it for any wrapped Luna transactions.
I found this transaction that indeed proves Kucoin held over 205,592,926,480 LUNA. ( LUNC )
They send them to a burner address. So that confirms they definetly used to hold 27% of all wLUNA supply.
Again, I don't want to spread FUD. I have my doubts as well and from a neutral perspective this Twitter thread doesn't have that much proof to back everything up. According to "the insider" Kucoin has lost $400-500m with the LUNA crash.
What also makes me a bit suspicious is that this entire topic is coming up NOW months later.
In my opinion this looks more like FUD then any evidence but feel free to convince me otherwise or maybe post more things that can back up these claims
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