BlackRock Says It's Not Involved in Implosion of Terra

The world's largest asset manager, Terra (LUNA) has categorically denied his involvement in the collapse, Forbes reports.

On Wednesday, social media platform Twitter was rumored to have joined forces to destroy BlackRock, the controversial trading firm Citadel and the cryptocurrency exchange Gemini Terra.

The Winklevoss-led exchange reportedly lent 100,000 bitcoins to the aforementioned companies to buy UST from Terraform founder Do Kwon.

BlackRock and Citadel have dropped their Bitcoin and UST holdings, forcing a sell-off cascade.