GameFi platform Citadel has completed a $3.3 million seed round of financing, led by 1kx, with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO and several angel investors. The funds raised in this round will be used to expand the team and continue developing the protocol. Citadel is currently an Ethereum-based GameFi platform aimed at creating a vibrant, persistent world for players on an open-source modular core platform created by players.

Citadel Securities stated in response to court documents submitted by Terraform Labs earlier this month that it has nothing to do with the decoupling of the stablecoin UST in 2022. In refuting Terra's motion to compel, Citadel claimed that Terra was attempting to "shift" the accusation of colluding with Jump Trading to "boost asset prices" and force an absurd conspiracy theory. Citadel requested that the court dismiss Terraform's motion to compel, stating that it only participated in two test trades with a total value of approximately $0.13 and therefore did not cause the decoupling.