TechFlow news, according to Blockworks, Citadel Securities has responded to court filings submitted earlier this month by Terraform Labs, stating that it had no connection to the 2022 depegging of the stablecoin UST.
In its opposition to Terra's motion to compel, Citadel argued that Terra is attempting to "shift blame" by accusing it of colluding with Jump Trading to "inflate asset prices." Calling the claim that Citadel played a role in UST's collapse a baseless conspiracy theory, Citadel urged the court to deny Terraform's motion, noting that it only participated in two test transactions totaling approximately $0.13 and therefore could not have caused UST’s depeg.
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