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The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9.

LUNC price movement points to brief propulsion after community votes 55% in favor of key USTC burn proposal.

In an intriguing disclosure, Do Kwon-co-created Terraform Labs has held trading firm Citadel Securities responsible for causing its so-called algorithmic TerraUSD (UST) stablecoin to lose its peg to the U.S. dollar in 2022.

In recent developments, Terraform Labs, a crypto network that's no longer operational, has accused Citadel Securities of being involved in a deliberate plan to disrupt its stablecoin, TerraUSD Classic (USTC), back in 2022. This disruption ultimately led to the stablecoin's failure.

Terraform claims evidence of Citadel Securities' head, Ken Griffin, planned to short stablecoin using Soros' strategies.

Terraform Labs has implored the presiding judge to grant its motion, compelling Citadel Securities to disclose their trading data.

One of the most shocking downfalls of the cryptocurrency industry was that of Terraform Labs. The demise occurred with the fall of UST coins issued by Terraform Labs. In recent developments, Terraform alleges Citadel to be responsible and the main reason for this downfall.

Over the past two months, the LUNC price has been on a turbulent ride, with substantial price swings but no contribution to any particular trend. However, the altcoin market's recent downturn has pushed this crypto into a bearish phase, dropping it from a high of $0.000067 to its current price of $0.00005684.

Terraform Labs seeks trading data from Citadel Securities, alleging involvement in the UST stablecoin collapse.

Terraform Labs has filed a court motion to force Citadel Securities to hand over documents that Terra claims show the market maker had a hand in last year's collapse of the TerraUSD (UST) stablecoin.

Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct.

Terraform Labs, the blockchain company founded by Do Kwon, is once again pointing the finger at market maker Citadel Securities for its alleged involvement in the collapse of its TerraUSD (UST) stablecoin.

As for the evidence, Terraform points to an alleged conversation Citadel CEO Ken Griffin had with a pseudonymous trader.

Terra Luna Classic, the growing crypto community, has made waves by endorsing a pivotal proposal concerning a massive 800 million USTC token burn. This recent development sent ripples throughout crypto, pushing traders to hike their bids.

Terraform Labs has filed a motion against Citadel Securities seeking critical trading data for its defense in a lawsuit by the SEC. The case revolves around market destabilization allegations during the May 2022 Depeg event of TerraUSD stablecoin.

Do Kwon-founded Terraform Labs has once again blamed market maker Citadel Securities for its role in an alleged international effort to cause the depegging of its TerraUSD (UST) stablecoin.

The Terra Luna Classic community has taken a significant step by approving a proposal to burn a massive 800 million USTC. The proposal, put forth by a well-known member of the LUNC community named Vegas, suggested blacklisting the Ozone Protocol wallet, which held the 800 million USTC.

The Terra Luna Classic community has officially passed the proposal related to burning 800 million USTC. The proposal by popular LUNC community member Vegas proposed to blacklist Ozone Protocol wallet containing 800 million USTC, freezing the tokens rather than destroying them without authorization.

Terraform Labs has made serious accusations against Ken Griffin, the head of Citadel Securities, suggesting their potential role in de-pegging TerraUSD (UST). The move involves a legal action to compel Citadel Securities to provide critical data linked to this incident.

Last year in mid-2022, the Terra (LUNA) ecosystem faced a brutal collapse eroding $40 billion of investors' money. In an interesting revelation, Terraform Labs said that the massive de-peg of its UST stablecoin wasn't an algorithmic failure.

Terraform Labs alleges Citadel Securities played a role in the destabilization of its stablecoin, TerraUSD Classic, in May 2022. The firm is seeking trading data from Citadel to bolster its defense against SEC's fraud allegations.

Terraform Labs initiated a legal move on October 10, filing a motion in the U.S. District Court for the Southern District of Florida. Their aim is to compel Citadel Securities LLC to produce documents related to their trading activities during May 2022.

Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.

Since the project was abandoned by its founder, Terra LUNA Classic price has been in a downward spiral. The constant selling pressure is diminishing the hopes of long-term investors for a miraculous recovery.