Terraform Labs: Market maker Citadel Securities has potential ties to the UST depegging and is required to submit trading data related to the depegging in May 2022

ChainCatcher news, according to Blockworks, Terraform Labs has submitted a motion requesting that the market maker Citadel Securities provide certain data based on a third-party subpoena, arguing that this is crucial for its defense in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the company and its former CEO Do Kwon.

The motion states that Terraform Labs issued subpoenas to Citadel Securities and Citadel Enterprise Americas for trading data related to the depegging in May 2022. Terraform points out that public evidence indicates that Ken Griffin, the head of Citadel entities, intended to short UST during or around the time of the depegging in May 2022.