The crypto exchange spearheaded by the Winklevoss twins denied rumors about its potential involvement in LUNA’s price dump.
earlier rumors that the company contributed to LUNA’s price plunge after loaning 100,000 bitcoin to investment company giants BlackRock and Citadel. The crypto exchange’s tweet said: Earlier rumors stated that BlackRock and Citadel jointly borrowed 100,000 BTC from Gemini. Both companies allegedly swapped 25,000 BTC for UST, an algorithmic stablecoin that has lost its peg, only to dump later both assets, which supposedly triggered LUNA’s massive selloff and further broke UST’s $1 peg.report. A Citadel source said that the company is not involved in any stablecoin trading, including UST. BlackRock, like Citadel, also noted that the firm did not trade UST.
Source: Digital Coin News (digitalcoinnews.net)
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