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Terraform Labs Alleges Citadel Securities' Role in Stablecoin Depegging Conspiracy

Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022. On October 10, Terr...

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Terraform Labs Alleges Citadel Securities' Role in Stablecoin Depegging Conspiracy
Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022.
On October 10, Terraform Labs filed a lawsuit with the United States District Court in the Southern District of Florida to call on Citadel to produce documents related to its trading actions around the time its stablecoin TerraUSD (UST) depreciated from $1 to $0.02....
Read More: Terraform Labs Alleges Citadel Securities' Role in Stablecoin Depegging Conspiracy

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