Wu Blockchain (@WuBlockchain): According to The Wall Street Journal, the court-appointed administrator of Terraform Labs has sued Jane Street in New York federal court, alleging the…
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According to The Wall Street Journal, the court-appointed administrator of Terraform Labs has sued Jane Street in New York federal court, alleging the firm used nonpublic insider information to front-run trades and profit during Terraform’s collapse. The filing says that on May 7, 2022, shortly after Terraform withdrew 150 million TerraUSD from Curve, wallets linked to Jane Street pulled 85 million UST from the same pool. https://www.wsj.com/finance/currencies/jane-street-accused-of-insider-trading-that-helped-collapse-terraform-659e6993?mod=Searchresults&pos=1&page=1