AiCoin|May 20, 2026 11:55
[Jane Street Accused of Using Insider Information to Manipulate UST]
According to CoinDesk, court documents reveal that Jane Street was accused of obtaining insider information from Terraform Labs through a Telegram group named 'Bryce’s Secret' prior to the 2022 Terra collapse. The firm allegedly sold approximately $192 million worth of UST in advance and established short positions, profiting around $134 million during the $40 billion Terra ecosystem crash. The lawsuit claims that on May 7, 2022, nine minutes after Terraform withdrew $150 million in liquidity from the Curve pool, Jane Street sold approximately $85 million worth of UST on Curve. Jane Street denies the allegations, calling the lawsuit 'baseless' and stating it will actively defend itself.
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