In an intriguing disclosure, Do Kwon-co-created Terraform Labs has held trading firm Citadel Securities responsible for causing its so-called algorithmic TerraUSD (UST) stablecoin to lose its peg to the U.S. dollar in 2022.
Originally appeared here:
Terraform Labs’ New Filing Reveals Who Was Responsible For The May 2022 UST Stablecoin Depeg Catastrophe