Terraform Labs files motion charging market maker Citadel Securities with potential ties to UST de-anchoring

Odaily Planet Daily News Terraform Labs filed a motion with the court requiring 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. , despite Citadel Securities publicly denying trading in UST during that unanchoring incident." Terraform also said that Nansen's data helped them find "seven so-called 'whale' traders who have the ability and determination to go long or short on an asset or 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)