Due to the remoteness of the region, the first expedition to the site only arrived in 1938, led by Soviet geologist L A Kulik. It found no crater, despite the large amount of devastation.
In the absence of an obvious explanation, numerous fanciful theories have been offered, such as a small black hole, a piece of antimatter, and even UFO activity.
In scientific circles, the favored explanation for the blast is the impact of a meteorite. Whether the object was of cometary or asteroidal? origin is still matter of some controvesy.
In 2001, Farinella, Foschini, et. al released a study based on eyewitness accounts, seismic records, and samples from a 1999 expedition to the area. Their data suggests that the object originated from the [asteroid belt]?. However, it is still not understood how a stony object can totally disintegrate in the atmosphere.
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References:
Farinella P., Foschini L., et al Probable asteroidal origin of the Tunguska Cosmic Body, Astronomy and Astrophysics 377, 1081-1097 (2001) : http://www.edpsciences.fr/articles/aa/abs/2001/39/aah2886/aah2886.html