Cardano CEO Shares Message Alleging Cause of Terras Downfall
Investing.com
By Coin QuoraCardano CEO Shares Message Alleging Cause of Terras Downfall
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- Charles Hoskinson shared a message which alleges the cause of the price crash of LUNA and UST.
- The message involves a scheme created by Blackrock (NYSE:BLK) and Citadel to trigger massive liquidation.
- Meanwhile, Do Kwon shared their LUNA and UST price recovery plan.
Cardano creator Charles Hoskinson recently shared a message that alleges the cause of the price crash of Terra (LUNA) and stablecoin UST.
According to a message sent to Hoskinson by a person named Anna, the event is a well-executed strategy that capitalized on Terraform Labs CEO Do Kwon’s alleged naivety and Anchor being an alleged Ponzi scheme.
The scheme involved crypto investment management firms Blackrock and Citadel, whom the person Anna claimed to have borrowed 100,000 bitcoins from Gemini. After receiving the said amount, these companies were claimed to have converted 25,000 bitcoins into UST.
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