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

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

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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.

The Terraform Labs bankruptcy administrator has sued Jane Street, alleging the quantitative trading firm used non-public information to profit at the height of the crypto market’s collapse in 2022.

The lawsuit centers…

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