FatManTerra, a Terra analyst, has alleged that Mirror Protocol is a:
FatManTerra identified a wallet via Etherscan that used the Mirror Protocol to yield farming smart contracts. FatManTerra alleges to be part of the Terra wormhole infrastructure and a liquidity pool for the Mirror Protocol because the smart contract 0 xdb 27 was created by the wallet.
The contract appears to be an LP pool for some protocol, but at this time, CryptoSlate can neither confirm nor deny that it belongs to the Mirror Protocol.
According to CoinMarketCap, the wallet in question is one of the top 20 MIR wallets. The data matches with FatManTerra's next accusation.
The MIR holdings in wallets identified in the Twitter thread are all staked, giving them excessive voting power in the MIR governance when combined.
FatManTerra then identifies several wallets that have been affected by bridging token across the wormhole, transferring mAssets from Ethereum to Terra, purchasing $750 million tranches of UST, and spreading MIR across multiple wallets, similar to the previously described wallets.
FatManTerra alleges that someone with high capital and access to LP contracts was spreading MIR token across multiple wallets to make the protocol appear more decentralized. The accusation is damaging to the reputation of the Mirror Protocol, but the next part of the thread changes the direction of his accusations.
One of the wallets he has been tracking sent token to a DAO address that Do Kwon is an official advisor, according to FatManTerra. He then describes how MIR funds incorporated in this web of wallets have been transferred to Binance and KuCoin to be sold on the open market.
He claims that he can trace the accusations by looking at the on-chain data.
FatManTerra concludes the thread by saying, "I suggest that people look at the data and draw their own conclusions wherever possible." There are links to each of the wallets in the thread, and the beauty of the blockchain is that the information is free for the world to see.
The question is whether these wallets can be officially linked to Do Kwon and Jump Capital, as he alleges, and whether FatManTerra's unnamed sources will come forward to reveal more information.