Citadel Securities denies being behind last year's de-anchoring of UST, accuses Terraform of seeking diversion

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 Thursday's 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) According to previous news, Terraform Labs filed a motion with the court to require 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. 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.”