Just in: Luna Foundation Guard member Remi Tetot suggests that a top investigative journalist may have found proof that Citadel, the large hedge fund behind the GME short, may have been responsible for the depegging attack that kickstarted the LUNA/UST death spiral.https://twitter.com/Remi_Tetot/status/1529478766803701766 …
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but initially Citadel categorically denied it. In its official announcement, Citadel was quite specific about the trades and that it never traded UST.
This made me skeptical that it actually was Citadel, and I would like to see this report. But it does cement the notion that it was an outside attacker. I have a working hypothesis on why it wasn't Citadel - just sharing the opinion of someone smarter than me closer to the case
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“But it does cement the notion that it was an outside attacker…” You don’t fool me, if anything it sounds like someone less smarter colluding with someone smarter than him to sway the community from LFG responsibilities. Bit like, we are the victims the same as you’re
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It seems another gimmick from LFG. I have a feeling that this was more of an insider job. Some stakeholder with big part invested decided to jump the sinking Anchor yield. I doubt Citadel or Blackrock has a role here.
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A system that can be attacked for profit will be attacked. Maybe the focus should be more on Do and his enablers in helping this scheme grow.
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Fully agree with that statement!
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let's hear what you have so far on why it wasn't Citadel?
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I posted some thoughts just now, but no insider information or anything - nobody I spoke to actually knows
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