Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gemini, BlackRock, and Citadel Publicly Deny LUNA Manipulation

CryptocurrencyMay 12, 2022 04:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Gemini, BlackRock, and Citadel Publicly Deny LUNA Manipulation

    • Gemini, BlackRock (NYSE:BLK), and Citadel publicly deny any involvement in the LUNA controversy.
    • The three entities are accused of market manipulation by purposefully crashing LUNA’s market value.
    • Charles Hoskinson deletes his tweet of the rumors; Billy Markus mocks the absurdity of the allegations.

In the latest update of the rumors surrounding LUNA’s market collapse, all parties involved in the allegations have publicly denied any involvement. The companies in question are Gemini, BlackRock, and Citadel. The rumor mill started after messages appeared on 4chan and Telegram accusing the three companies of market manipulation.

Gemini, through their Twitter (NYSE:TWTR) account, publicly denied the allegations.

BlackRock and Citadel both followed suit in denying the allegations. BlackRock Spokesperson Logan Kofflet said, “Rumors that BlackRock had a role in the collapse of UST are categorically false. In fact, BlackRock does not trade UST.” Similarly, a Citadel Spokesperson told a reliable source that, “Citadel Securities does not trade stablecoins, including UST.”

At this stage, the crypto community has dismissed the rumors as mere hearsay. This could be seen as Charles Hoskinson himself deleted his initial tweet of the 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 some anonymous green text larper on 4chan!?!?!?

The rumors began days ago after the crypto market – especially LUNA – crashed in market value. The allegations began in a 4chan post that had spread throughout 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 of a Telegram message shared to him.

In related news, Terraform Labs Founder and CEO Do Kwon announced details on a recovery plan for TerraUSD (UST).

Continue reading on CoinQuora

Gemini, BlackRock, and Citadel Publicly Deny LUNA Manipulation
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Johnny Crash
Johnny Crash May 12, 2022 3:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think it's hilarious what they pulled off. A warning for all "investors" in crapto
Alfredo Texmenistan
Alfredo Texmenistan May 12, 2022 3:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
... #Crapto, that's hysterical I'm stealing that one #Craptocurrency
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email