Terraform Administrator Sues Jane Street Over Terra Crash
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Terraform Labs' bankruptcy administrator has filed a lawsuit against Jane Street Group, accusing it of insider trading related to the Terra collapse in May 2022. The suit claims Jane Street utilized insider knowledge to withdraw significant funds, totaling $150 million from Curve and $85 million shortly after. Jane Street denies the allegations, calling the lawsuit an attempt to extract money.
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- Terraform admin sues Jane Street over alleged insider trading before Terra crash.
- Terraform pulled $150M from Curve; Jane Street-linked wallet removed $85M minutes later.
- Lawsuit claims Jane Street accessed Terraform’s internal liquidity info via private chats.
The bankruptcy administrator for Terraform Labs has sued Jane Street Group LLC, alleging the firm used non-public information to trade ahead of the May 2022 collapse of TerraUSD and Luna.
The complaint, filed in the US District Court for the Southern District of New York, claims Jane Street accessed internal liquidity information and used it to unwind hundreds of millions of dollars in exposure hours before the ecosystem failed.
Jane Street has denied the allegations and calls the suit an attempt to extract money, according to a report from the Wall Street Journal.
The May 7 Liquidity Move
Read The Full Article Terraform Administrator Sues Jane Street Over Terra Crash On Coin Edition.
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