In response to the lawsuit filed by Terraform Labs' bankruptcy administrators, Jane Street stated that the lawsuit is a transparent case of financial exploitation. Jane Street claims that the losses suffered by Terra and Luna holders were caused by a multi-billion dollar fraud perpetrated by Terraform Labs management. Previously, Terraform Labs' bankruptcy administrators sued Jane Street, accusing it of using insider information to engage in premature trading, accelerating the collapse of TerraUSD and Luna in 2022. The lawsuit alleges that within 10 minutes of Terraform Labs withdrawing 150 million UST from Curve3pool, a wallet associated with Jane Street also withdrew 85 million UST from the same pool, triggering market panic. Jane Street denies these allegations, calling them baseless speculation.