Terraform Estate Sues Jane Street Over Trades Tied to 2022 Crypto Market Collapse: WSJ

In brief

• The Terraform wind-down trust accuses Jane Street of trading on non-public information.
• The complaint centers on liquidity withdrawals during thes May 2022 depeg that led to TerraUSD and FTX’s collapse.
• The case could test insider liability in crypto markets, Decrypt was told.