Jane Street: Why a Wall Street Giant Keeps Appearing in Crypto’s Biggest Collapses

Jane Street has returned to the spotlight after Terraform Labs’ bankruptcy estate accused the trading firm of insider trading tied to the May 2022 collapse of TerraUSD (UST) and LUNA. The lawsuit alleges Jane Street used non-public information about Terraform’s liquidity withdrawals to exit positions and profit before the stablecoin lost its dollar peg. Terraform Lawsuit Puts Jane Street Back Under Scrutiny According to the complaint, Terraform quietly removed about $150 million of liquidity from Curve pools that supported UST. Shortly afterward, wallets linked to Jane Street allegedly withdrew or sold tens of millions of dollars worth of UST source: https://beincrypto.com/jane-street-crypto-collapse-terra-ftx-links/