What is the main allegation made by Jacob Gadikian regarding Terra's downfall?

Jacob Gadikian alleges that Terra’s $50 billion collapse and UST’s depeg were not caused by Do Kwon, but by an unidentified attacker whose identity remains unknown.

Who does Jacob Gadikian blame for the attack on Terra?

Gadikian states that the real culprit behind the attack is an unidentified attacker who remains at large, rather than Do Kwon.

What role does Notional Labs play in the context of Terra's downfall?

Jacob Gadikian, CEO of Notional Labs, has publicly alleged that an attacker caused Terra’s collapse, highlighting concerns about security and accountability in blockchain projects.

Blockchain Engineer Alleges Attack Triggered Terra’s $50 Billion Downfall

Bitcoin TradingJuly 21, 2026

Blockchain Engineer Alleges Attack Triggered Terra’s $50 Billion Downfall

Jacob Gadikian, CEO of the blockchain services firm Notional Labs, has recently alleged that Terra’s downfall and UST’s dollar depeg were not caused by Do Kwon, the disgraced founder of the project. Gadikian stated that the real culprit behind this fraud, an unidentified attacker, remains at large. Blockchain Engineer States Terra’s Attacker Remains at Large, […]

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