Sharing the opinion of a source close to the matter and far smarter than me ≠ my own opinion. Here is my (likely more uninformed) take. Everything I know points to signs that there was a real attack on the peg (ie. 'heavy sell pressure') but I don't think it was Citadel. (1/3)https://twitter.com/FatManTerra/status/1529479744990892033 …
-
Show this thread
-
Reasons: - Citadel ($40b+) outright denied being involved with UST trading, why severely risk their reputation for $0.5b-$3b? (I don't know exact figures.) - You need a large amount of UST to execute this attack, which is not easy to get inconspicuously or on short notice (2/3)
5 replies 6 retweets 92 likesShow this thread -
Conclusions: - Whoever did this was most likely a big fund in the crypto space with at least some existing UST exposure - Do Kwon probably has some leads on who it is since he executed a bunch of OTC UST & LUNA sales throughout the year (3/3)
20 replies 8 retweets 122 likesShow this thread -
Replying to @FatManTerra
Doesn’t it make more sense for it to be Do kwon himself?
1 reply 0 retweets 2 likes
I don't think so, he sustained massive losses, but I know it's a theory that's out there - wouldn't really give it any credence without robust evidence
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.