The rumor that spread throughout the day yesterday implied that the fall in the price of $ Luna was manipulated by two large institutional counterparts, Blackrock (the largest asset manager in the world) and Citadel (one of the largest investment funds). 

The message told that both (Blackrock and Citadel) knew that Anchor had a large amount of Luna, it was a ponzi scheme and a strong drop would cause more withdrawals than Anchor could pay. These forced recalls and sales would trigger a sell-off in Luna.

Taking advantage of that information, they borrowed 100,000 Bitcoin from Gemini. They exchanged 25,000BTC to UST and supposedly all of this without raising any suspicions.

They then contacted Do Kwon, the creator of the Terra ecosystem, to propose a major exchange of discounted BTC for their UST stablecoin. Apparently Do Kwan accepted and caused a significant loss of liquidity of UST. At that time, Blackrock and Citadel got rid of all the BTC and UST they had, thereby achieving a slide in the price of the two so large that Anchor helped to make them bigger.

All this always supposedly. As of today, a tweet has been published on Gemini's Twitter clarifying that they have not made a 100k BTC loan that would trigger a Terra selloff.

The rumor also said that the loan was reflected in their loan books and the truth is that it would be wonderful if instead of a tweet saying "I didn't do it" they publish the evidence that verifies that it is true.

Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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