The Office of the Terraform Labs Plan Administrator has filed a lawsuit against Jane Street, alleging insider trading, market manipulation, and deceptive trading practices that contributed to the May 2022 collapse of Terraform Labs. The complaint details how Jane Street allegedly traded on material non-public information, executed a concentrated $85M UST sale minutes after a confidential liquidity withdrawal, and avoided substantial losses while investors suffered billions in damages. This action seeks to recover value for creditors and hold Jane Street accountable for exploiting the ecosystem during one of the most consequential events in crypto history. Read more here: https://www.wsj.com/finance/currencies/jane-street-accused-of-insider-trading-that-helped-collapse-terraform-659e6993?gaa_at=eafs&gaa_n=AWEtsqdqak8Fazw3eed89qoW7yVA4oVNx5dH95CV6u5oFrZg7nUQr6CXAQNA8fsrEnw%3D&gaa_ts=699ce69e&gaa_sig=E53yfT9g7qaGQe1DcqR4THbmCqHr65LgM4duSQIW3SEFZ4GgYdNgro5ULGEjFEda-YoPWqk9sB-UQDgIy3TZLg%3D%3D(Terra 🌍 Powered by LUNA 🌕)