He Put a Magnifying Glass on Terra and It Went Up in Flames

But for someone who’s just a dude in his room, as he said in an interview with Fortune, he sure gets the attention of crypto stakeholders. FatManTerra got his start on the Terra Research Forum, a discussion board for all things related to the Terra protocol (which powers the algorithmic stablecoin terraUSD). Then he opened an account on Twitter with the same handle. While at first FatManTerra’s tweets were lost in the ether, acknowledged but not turned into market-moving action, his continued criticisms eventually got the attention of whistleblowers, who began to share more evidence with him. A perpetual-motion machine started. More and more scoops began coming in, and the criticisms of Terra’s financial engineering grew louder.