Gemini, BlackRock and Citadel publicly deny manipulation of LUNA.

    • Gemini, BlackRock, and Citadel publicly deny any involvement in the LUNA controversy.
    • The three entities are accused of market manipulation by deliberately driving down the market value of LUNA.
    • Charles Hoskinson deletes his rumors tweet; Billy Markus mocks the absurdity of the allegations.

The companies in question are Gemini, BlackRock and Citadel. The rumor started after posts appeared on 4chan and Telegram accusing the three companies of market manipulation.

Gemini, through his Twitter account, has publicly denied these allegations.

We are aware of a recent story that suggested Gemini made a 100K BTC loan to large institutional counter-parties that reportedly resulted in a selloff in $LUNA. Gemini made no such loan.

BlackRock and Citadel followed suit, denying the allegations. Logan Kofflet, spokesperson for BlackRock. stated that, “The rumors that BlackRock played a role in the collapse of UST are categorically false. In fact, BlackRock does not trade USTs. Similarly, a Citadel spokesperson told a reporter from reliable source that, “Citadel Securities does not trade stablecoins, including UST. »

At this point, the crypto community dismissed the rumors as mere hearsay. This could be considered Charles Hoskinson himself. deleted his original tweet allegations after Gemini denied any involvement. Similarly, Dogecoin founder Billy Markus took a sarcastic jab highlighting the absurdity of the allegations.

psh who are we supposed to believe, you guys or an anonymous green text on 4chan!?!?!??

The rumors started a few days ago after the cryptocurrency market – specifically LUNA – saw its market value plummet. The allegations began in a 4chan post that spread across Twitter and Telegram. More fuel was added to the fire when Charles Hoskinson – in a now deleted tweet – shared the rumors with his Twitter followers.

Charles Hoskinson's now-deleted tweet from a Telegram message he received.
Charles Hoskinson’s now-deleted Tweet from a Telegram message shared with him.

In a similar vein, Terraform Labs Founder and CEO Do Kwon announced details of a recovery plan for TerraUSD (UST).

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