CRACKING THE CODE

Last updated: June 17, 2025, 10:58  |  Written by: Fred Ehrsam

Cracking The Code
Cracking The Code

Does Celsius Play Its Part in Terra’s Downfall? Nansen Says So

Did Celsius’ Withdrawal Trigger The Terra/ LUNA Collapse? Claim

Terra’s Woes Prompted in Part by Celsius Activities, Nansen Says

Research Firm Nansen Confirms That

The collapse of the TerraUSD (UST) stablecoin that sent shockwaves throughout the crypto ecosystem can’t be attributed to a single attacker, according to

Research firm Nansen confirms that multiple entities were involved in the recent de-pegging of TerraUSD, including DeFi lender Celsius Network. “We refute the

Blockchain analytics company Nansen linked the de-peg of Terra’s US dollar stablecoin to seven large crypto wallets, among them a wallet associated with crypto

Almost A Month Ago

Almost a month ago, The Block Crypto reported that Celsius pulled at least $500M from the Anchor protocol before the collapse. Two weeks ago, blockchain analytics

Nansen released a detailed report on the events that led to Terra’s downfall. The blockchain analytics firm reported that different parties were involved in a sell-off that

Nansen Analysis Examines How Terra Collapse Affected Celsius

Celsius Network Partly Responsible for Terra Meltdown, Says Nansen

Celsius Network es en parte responsable del colapso de Terra

Did Celsius Network Cause the USDT Terra Collapse?

La Firma De Análisis De

La firma de análisis de blockchain Nansen dice que varias partes estuvieron involucradas en la venta masiva que condujo a una “espiral de muerte” para TerraUSD, entre

Crypto Lender Celsius Partly Responsible for Terra Collapse, Says

Analytics firm Nansen shows that the actions of multiple large holders led to the USDTerra collapse. The firm says one of two wallets that drew $420M from the Anchor

Terra

El informe de Nansen revela que Terra causó el despegue de

Un nuevo informe de Nansen recorre los acontecimientos que llevaron a 3AC y Celsius a salir de sus posiciones en stETH en medio del colapso de Terra y el descalabro de

Terra’s collapse ultimately contributed to highly publicized insolvency troubles at both Celsius and Three Arrows Capital, according to research from the blockchain analytics platform Nansen.

Fred Ehrsam can be reached at [email protected].

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