Terraform Labs, the entity in the abet of Terra (LUNA) and TerraUSD (UST), has alleged that trading company Castle Securities played a feature in the collapse of its stablecoin.

In a scurry filed on Oct. 10 in the United States District Court in the Southern District of Florida, Terraform Labs asked the court docket to compel Castle to discover trading data across the time of UST’s depeg in Might per chance per chance well also merely 2022.

Terraform stated it diminished the scope of its subpoena requires from Castle to point of interest on the serious trading data across the time of the depeg, but Castle silent refused to turn over any paperwork other than for one.

Attorneys for Terraform stated that this data might maybe well be essential to its defense, and as such, the court docket might maybe well also silent compel fortress to birth the guidelines.

The lawyers additional argued that there modified into “publicly accessible proof suggesting that the head of the Castle Entities, Ken Griffin, intended to rapid UST” at the time of the depegging event.

Open source data, much like data on Discord where one member of a channel claimed to comprise lunch with Griffin twice a month, stated that the Castle chief intended to rapid UST.

The scurry moreover cited publicly accessible data from blockchain review company Nansen, which detailed how seven effectively-funded traders applied an assault on UST.

“Movant [Terraform] contends that the market modified into destabilized ensuing from the concerted, intentional effort of certain third-celebration market participants to “rapid” and role off UST to depeg from its one greenback tag,” stated the scurry.

Terraform is moreover searching out paperwork from bankrupt crypto alternate FTX, to make utilize of in its defense against a lawsuit from the U.S. Securities and Commerce Payment (SEC) alleging that the company orchestrated a multi-billion greenback crypto fraud.