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Terraform Labs files motion claiming Citadel Securities has potential ties to UST decoupling

Terraform Labs has filed a motion in court claiming that Citadel may have a potential connection to the UST anchor detachment. The motion states, "Terraform points out that public evidence shows that Ken Griffin, the head of Citadel, plans to short UST during or before the anchor detachment in May 2022." It requests that Citadel Securities be forced to provide certain data based on a third-party subpoena and believes that this is "crucial" to its defense in the lawsuit brought by the US Securities and Exchange Commission against the company and its former CEO, Do Kwon.

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