Terraform Labs' liquidation manager accused Jane Street of insider trading, which accelerated the collapse of TerraUSD and Luna.
Jane Street is one of the world's largest market makers and proprietary trading funds, working with ETFs, derivatives, and crypto assets.
The lawsuit alleges the following:
- Traders allegedly received non-public information from Terraform employees.
- They used it for front-running trades.
- They profited from the collapse.
- The losses were borne by creditors.
Continue reading this article on source: wsj.com