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 …
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I wonder what Do’s source of funds were for his $20m bet with GCR and Algod, held by Cobie currently.
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$20m is nothing, he cashed out hundreds of millions through Curve pools over the past several months
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Deposits minus borrows at Anchor was $11b pre depeg. All it took to saturate the UST-3Crv pool was 1-3 whales cutting gross exposure on a very volatile weekend Once the peg became unstable and highly variant across exchanges, a huge spike in bot activity is just what you’d expect
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True, definitely could be, that's why I'm open to the possibility that it was 'heavy sell pressure' which would likely be indistinguishable from an attack
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