Citadel Securities, the trading firm founded by Ken Griffin, has pushed back against allegations that it was involved in the depegging of the UST (US Treasury) last year. Terraform Labs, the company behind the UST stablecoin, has accused Citadel Securities of being responsible for the depegging. However, Citadel Securities has denied these claims, calling them 'ridiculous.' The two companies are now entangled in a legal dispute over the matter.
Citadel has denied Terraform’s claim that it was behind the $UST depeg last year, calling the allegation "ridiculous."
Billionaire Ken Griffin's Citadel Securities called a claim by @stablekwon's Terraform that it was behind the $UST depeg last year "ridiculous." @Aoyon_A reports https://t.co/3OgNvIB5aF
Terraform Labs and Citadel Securities are entangled in a legal dispute over the 2022 UST depegging, necessitating a discerning examination of the complex allegations https://t.co/8P2vwAJc3J
Trading firm @citsecurities denied @stablekwon's Terraform claim that it was behind the $UST depeg last year, calling the allegation "ridiculous." by @Aoyon_A https://t.co/7apUDdYKHx
NEWS: Citadel Securities pushes back against a motion to compel from Terraform regarding involvement in UST depeg https://t.co/MxJ7blXnMa
Citadel founder Ken Griffin rebuffed regulators’ critique of the so-called basis trade, saying their efforts are “utterly beyond me” https://t.co/BxMzZhsgYR via @wealth