[Jane Street Requests Dismissal of Terraform Lawsuit, Claims It Attempts to Shift Blame] Odaily Planet Daily News – Quantitative trading firm Jane Street has filed a motion to dismiss the insider trading and market manipulation lawsuit brought against it by Terraform Labs, which accused the firm of causing the collapse of the UST/LUNA algorithmic stablecoin. In documents submitted to the U.S. District Court for the Southern District of New York, Jane Street stated that the lawsuit is 'baseless' and represents an attempt by Terraform's bankrupt estate to shift responsibility for the multibillion-dollar ecosystem collapse onto third parties. The company has requested the court to dismiss the case 'with prejudice,' meaning the plaintiff would be barred from filing the same claims again. Jane Street further noted that Terraform's fraudulent activities have already been prosecuted, adjudicated, and penalized, and that it was not involved in those actions. Do Kwon had previously pleaded guilty to conspiracy and wire fraud charges and is currently serving a 15-year sentence, while a jury has already found Terraform and Do Kwon guilty of securities fraud.