Terraform liquidators accuse Jane Street of using a private Telegram group to obtain insider information, selling UST early and shorting
Svmuu News, newly unsealed court documents reveal that Wall Street quantitative trading giant Jane Street is accused of obtaining non-public information from Terraform Labs through a private Telegram group called "Bryce’s Secret" before the 2022 Terra collapse. The firm allegedly sold approximately $192 million in UST early while establishing short positions, profiting around $134 million as the Terra ecosystem's roughly $40 billion imploded. The complaint states that on May 7, 2022, just nine minutes after Terraform withdrew $150 million in liquidity from the Curve pool, Jane Street sold about $85 million in UST on Curve, and the wallets involved were subsequently suspected to be key addresses that triggered UST's de-pegging. Jane Street denied the allegations, calling the lawsuit "baseless" and vowing to vigorously defend itself. The lawsuit also names co-founder Robert Granieri and trader Michael Huang, accusing them of violating federal securities laws and the Commodity Exchange Act. (CoinDesk)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
WTWOOL Coin Trading Guide: Understanding How to Buy and Sell Wolf Town Wool Tokens and Their Exchange Listings
-
2
BNB is priced at approximately $705, down over 60% from its all-time high. What is its long-term value outlook?
-
3
OneKey founder Yishi warns: Some older iPhone models have unfixable chip vulnerabilities, endangering seed phrase storage security.
-
4
XRP Long/Short Critical Point: The Battle to Defend the $1.30 Support and the Resurgence of ETF Expectations
-
5
How to Get Ethereum: A Guide to Buying, Staking, and Secure Storage
-
6
A List of Major Global Bitcoin Exchanges
-
7
EBEN Token: Green Ben Token Analysis and Market Status
-
8
SHKG (Shikage) Analysis: Current Status of Rug-Pull Prevention Liquidity Locking Project
-
9
Pakistan refineries report 1,860% profit surge for Q3
-
10
SK Hynix held its first "Partner Day" in Japan, deepening cooperation with over 20 Japanese semiconductor suppliers to strengthen the chip supply chain.
Markets Today
Recommended Reading






