According to CoinDesk, billionaire Ken Griffin’s trading firm Citadel Securities has denied Terraform Labs’ claim that Citadel Securities was behind the UST collapse last May.
Citadel Securities said in a court filing on Thursday that Terraform Labs' move was used to divert attention from the allegations against it and force people to pursue a ridiculous conspiracy theory, saying that not only was the time period requested irrelevant, but the theory was also without basis.
Citadel asked the court to dismiss Terraform’s motion to compel, saying it had only engaged in two test transactions involving UST, with a total value of approximately $0.13, and therefore did not cause UST to depeg.
Earlier news, Terraform Labs filed a motion with the court requiring market maker Citadel Securities to "provide certain data pursuant to a third-party subpoena," stating that this was "critical" to its defense in the lawsuit filed by the US SEC.