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"Terraform Labs has filed a motion with the court, requesting market maker Citadel Securities to ""produce certain data pursuant to a third-party subpoena"" and stating that this is ""crucial"" to its defense in the lawsuit brought against it by the U.S. SEC.
The motion states that Terraform Labs issued subpoenas for trading data related to the ""unpegging in May 2022"" to Citadel Securities and Citadel Enterprise Americas. Terraform points out that public evidence suggests that Ken Griffin, the head of Citadel entities, had plans to short UST around the time of the May 2022 unpegging.
Terraform states that data from Nansen helped them identify ""seven so-called 'whales' who had the ability and intent to go long or short on an asset or financial instrument."" Additionally, the data also indicates that ""a few participants discovered the vulnerability early in the UST unpegging.""" |
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Post time 18-10-2023 13:09:30