.citsecurities, BlackRock and Gemini, in separate statements, vehemently denied social media claims of involvement with UST collapse. thesamreynolds reports.
Did UST collapse because of a shadowy conspiracy involving the same cast of characters from the GameStop short squeeze? Or was it because of a structural problem with the nature of stablecoins?
Bad news for those who believe the former: Everyone named in this conspiracy theory has come out with swift denials.Likewise, Citadel Securities has publicly stated that it does not trade in stablecoins.The conspiracy theory alleges that BlackRock and Citadel borrowed 100,000 bitcoin from Gemini and swapped 25% for UST. Then the two companies dumped the UST and BTC crashing Luna and the price of bitcoin.on Twitter before deleting the tweet.
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