• Antwan Koss
• October 13, 2023
• news, Crypto
• Citadel, Stablecoin, Terraform Labs
• 0 Comments

Terraform Labs accuses Citadel Securities of intentionally devaluing its stablecoin, USTC. Legal actions seek trading-related documents during the devaluation. Key Takeaways Terraform Labs, founded by Do Kwon, is directing accusatory arrows at Citadel Securities, alleging a “deliberate, orchestrated effort” to depreciate its stablecoin, TerraUSD Classic (USTC), in 2022. The firm has advanced its claim to the legal battleground, filing a …