BlackRock, the world’s biggest asset manager, has categorically denied its involvement in the collapse of Terra (LUNA), Forbes reports.
On Wednesday, social media platform Twitter was abuzz with rumors that BlackRock, controversial trading firm Citadel, and cryptocurrency exchange Gemini joined forces to destroy Terra.
The Winklevoss-led exchange allegedly loaned a whopping 100,000 Bitcoins to the aforementioned companies so that they could buy UST from Terraform founder Do Kwon.
BlackRock and Citadel dumped their Bitcoin and UST holdings, triggering a cascade of forced selling.
RelatedLuna ETP Comes Close to Setting Major Record
reported by U.Today
In early March, billionaire Ken Griffin also admitted that he was "wrong" about cryptocurerncies after dismissing them in the past.
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