Odaily News Billionaire Ken Griffin’s trading firm Citadel Securities has denied Terraform Labs’ claims that Citadel Securities was behind the UST collapse last May. Citadel Securities said in Thursdays court filing that Terraform Labs move was used to divert attention from its accusations and force people to pursue a ridiculous conspiracy theory. Not only was the time period requested irrelevant, but the theory was also baseless. . Citadel asked the court to deny Terraform’s motion to compel, stating that it had only been involved in two test transactions involving UST, with a total value of approximately $0.13, and therefore did not cause UST to become unanchored. (CoinDesk) Earlier news, Terraform Labs submitted a motion to the court requiring market maker Citadel Securities to provide certain data pursuant to a third-party subpoena and stated that this was critical to its defense in a lawsuit filed by the U.S. SEC. important. 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.”