A court-appointed administrator winding down Terraform Labs sues Jane Street, alleging it engaged in insider trading to profit from and hasten Terraform's fall

The court-appointed administrator of Do Kwon's Terraform Labs alleged that Jane Street used nonpublic information from Terraform insiders to trade

Wall Street Journal 2026-02-24 Vicky Ge Huang

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@quinnypig Corey Quinn on x
Bad news for the IBM acquisition.
@simondixontwitt Simon Dixon on x
And there it is:
@shanaka86 Shanaka Anslem Perera on x
Ten minutes. On May 7, 2022, Terraform withdrew $150 million from Curve's 3pool. Within ten minutes, a wallet now linked to Jane Street pulled $85 million from the same pool. Court filings confirm it was Jane Street's largest single crypto swap in history. Yesterday, [image]
@zerohedge @zerohedge on x
This criminal enterprise - which spawned the likes of Sam Bankman Fried and Caroline Ellison - should be barred from ever trading anything again
@zerohedge @zerohedge on x
And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained. [image]
@arthur0x Arthur on x
We finally know the culprit behind the collapse of Terra now.
@simondixontwitt Simon Dixon on x
The same Jame Street SBF worked for.
@gordongekko Gordon on x
You spend hours studying charts and applying TA, but when you have entities with this much control and power it is wasted. The suits have been doing everything they can to screw over their competitors and the average investor But they will not win. Our time is coming.
@conorfkenny Conor Kenny on x
BREAKING: Terraform Labs has filed a lawsuit against Jane Street, alleging insider trading linked to the collapse of $UST and $LUNA. [image]
@mean_field_zane @mean_field_zane on x
Holy shit based Jane Street. This rocks.
@zerohedge @zerohedge on x
In short... [image]
r/quant r on reddit
Jane Street Accused of Insider Trading That Helped Collapse Terraform - WSJ

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A court-appointed administrator winding down Terraform Labs sues Jane Street, alleging it engaged in insider trading to profit from and hasten Terraform's fall

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