Terra Classic Community Alleges 200 Million USTC Theft By Andalusia Labs

The emergence of Karak, a novel DeFi protocol, was anticipated to inject dynamism into the crypto sphere. However, the euphoria surrounding its launch has been overshadowed by allegations of impropriety. Accusations have surfaced from members of the Terra Classic community, casting a shadow over Andalusia Labs, the entity responsible for Karak. These accusations assert that Andalusia Labs orchestrated the misappropriation of a staggering 200 million USTC tokens, valued at approximately $7 million.