Citadel Securities says it has nothing to do with the de-anchoring of its stablecoin UST
Citadel Securities stated in response to court documents submitted by Terraform Labs earlier this month that it has nothing to do with the decoupling of the stablecoin UST in 2022. In refuting Terra's motion to compel, Citadel claimed that Terra was attempting to "shift" the accusation of colluding with Jump Trading to "boost asset prices" and force an absurd conspiracy theory. Citadel requested that the court dismiss Terraform's motion to compel, stating that it only participated in two test trades with a total value of approximately $0.13 and therefore did not cause the decoupling.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Alabama Man Admits to SEC Hack That Triggered Bitcoin Price Surge
![](https://img.bgstatic.com/multiLang/image/social/131908a5327af50d99691b6e234bba8f1739427077500.jpg)
Meme coins plunge as $50B market cap disappears
![](https://img.bgstatic.com/multiLang/image/social/dc0cd77f8fa31a2dfee213fcad513b3a1739427011959.jpeg)
Bitcoin miners capitulate under $100K
![](https://img.bgstatic.com/multiLang/image/social/ba67b59604183c1f4285389a9621f3381739427011235.jpeg)
'Killer Whales' season 2 launches with $1.5M prize pool
![](https://img.bgstatic.com/multiLang/image/social/9e9b31ab772ac4fe11b3bdc97e360e8f1739427007831.jpeg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)