Stablecoin Controversy: Jane Street Accused of $192M UST Trade Using Terraform Insider Info
— FinanceFeeds
Jane Street accused of leveraging Terraform insider info for profitable UST trades amid stablecoin collapse.
Jane Street faces allegations of using confidential Terraform Labs info to sell $192M TerraUSD before its May 2022 collapse.
- Terraform's bankruptcy estate claims Jane Street had info advantage via a private Telegram channel.
- Jane Street sold UST on Curve Finance shortly after Terraform withdrew liquidity.
- Lawsuit alleges unfair trading and securities law violations tied to Terra's collapse.
Alleged insider info from Terraform could have allowed Jane Street to time UST sales advantageously, impacting market structure and pricing.