Citadel Securities denies being the mastermind behind the UST collapse.

Jiger955

On October 27th, according to CoinDesk, billionaire Ken Griffin's trading company, Citadel Securities, denied Terraform Labs' claim that Citadel Securities was behind the UST crash in May of last year. They stated that Terraform Labs' actions were aimed at diverting attention from the accusations, forcing people to chase absurd conspiracy theories. The requested time frame is irrelevant, and this theory is baseless.

As previously reported by BlockBeats, on October 13th, Terraform Labs submitted a motion to the court, requesting that market maker Citadel Securities "provide certain data pursuant to a third-party subpoena," stating that this is "crucial" for their defense in the lawsuit filed by the U.S. SEC.

The motion stated that Terraform Labs had issued subpoenas for trading data related to "the May 2022 de-pegging" to Citadel Securities and Citadel Enterprise Americas. Terraform pointed out that public evidence indicates that Ken Griffin, the head of Citadel entities, intended to short UST around the time of the May 2022 de-pegging.

Ritu13

They definitely won't admit to this, haha.

Anil333

It's also involved in many scandals.

Shri333

It's challenging to make it transparent.