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Terraform Labs has accused one of Wall Street’s largest trading firms, Jane Street, of allegedly using a private Telegram group chat with insiders to dump its TerraUSD (UST) stablecoin holdings just hours before its collapse. Related Reading: Top Crypto Exchange Expands Into UK With New Local Platform Jane Street Used Terraform Group Chat For ‘Defi […]
The lawsuit could set a precedent for increased scrutiny and regulation of trading firms' use of private communication channels. The post Jane Street accused of insider trading via Telegram channel with Terraform Labs appeared first on Crypto Briefing.
The lawsuit could set a precedent for increased scrutiny and regulation of trading firms' use of private communication channels. The post Jane Street accused of insider trading via Telegram channel with Terraform Labs appeared first on Crypto Briefing.
Terraform Labs’ liquidators have accused Jane Street of insider trading that allegedly netted $134 million during the May 2022 Terra/LUNA implosion, claiming the trading giant front‑ran the depeg using non‑public information while retail investors were wiped out. The administrator winding…
