Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Terraform Labs files motion charging market maker Citadel Securities with potential ties to UST de-anchoring
2023-10-13 00:45:05
Odaily News Terraform Labs filed a motion in court asking market maker Citadel Securities to provide certain data pursuant to a third-party subpoena and said it was critical to its defense in a lawsuit filed by the U.S. SEC. The motion states that Terraform Labs issued a subpoena to Citadel Securities and Citadel Enterprise Americas for trading data “relevant to the May 2022 (UST) unanchoring.” Terraform noted: “Public evidence suggests that Ken Griffin, the head of the Citadel entity, intended to short the token around the time of the May 2022 depeg of UST. Related evidence suggests that a Citadel Securities may actually be tied to the May 2022 depeg. , although Citadel Securities publicly denied trading UST during that unanchoring incident. Terraform also said that Nansens data helped them find seven so-called whale traders who have the ability and determination to trade in an asset or Go long or short on a financial instrument”. In addition, the data also shows that “a small number of participants discovered vulnerabilities in the early stages of UST de-anchoring.” (Blockworks)