Spotlight

Citadel And Blockrock Planned The Attack On TerraUSD and LUNA Crypto Ecosystem?

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Spotlight

After TerraUSD (UST) lost its $1=1UST peg and fell below $0.4 and LUNA crashed 99.99%, investors were left in shambles.

crypto

Spotlight

Many of them lost their life savings as global crypto markets crashed, with LUNA falling 99.99% in particular.

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Spotlight

UST, which promised to be a stablecoin also fell more than 60% in value, shocking the investors!

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Spotlight

But guess what? New allegations have surfaced online that sugegest hedge funds and investment firms Citadel and Blackrock caused this historic crypto crash.

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Spotlight

According to rumors, Citadel and Blackrock planned to borrow 100,000 BTC from Gemini exchange and short UST using the funds.

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Spotlight

This caused the UST to lose its $1 peg and crash massively causing a snowball effect and global sell off in crypto markets.

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Spotlight

However, crypto exchange Gemini has denied offering the 100,000 BTC loan to Citadel and Blackrock

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Spotlight

Citadel and Blockrock have also denied involvement. Rumors that BlackRock had a role in the collapse of UST are categorically false, 

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