Terraform Labs: Market maker Citadel Securities may have potential links to UST detachment.
According to a Blockworks report on October 13th, Terraform Labs has filed a motion with the court requesting that market maker Citadel Securities "provide certain data pursuant to a third-party subpoena," stating that this is "crucial" for its defense in the lawsuit brought by the US SEC.
The motion states that Terraform Labs has issued subpoenas to Citadel Securities and Citadel Enterprise Americas for trading data related to the "May 2022 unpegging." Terraform points out that public evidence shows that Ken Griffin, the head of Citadel entities, intends to short UST before and after the May 2022 unpegging.
Terraform states that Nansen's data helped them identify "seven so-called 'whales' who have the ability and determination to go long or short on an asset or financial instrument." In addition, the data also shows that "a few participants discovered vulnerabilities in UST unpegging early on."