Jane Street Sued by Terraform Labs Bankruptcy Administrator Over Alleged Insider Trading in 2022 TerraUSD and LUNA Collapse

Jane Street has been sued by the bankruptcy administrator of Terraform Labs over allegations of insider trading that purportedly hastened the 2022 collapse of TerraUSD and LUNA. The complaint claims the firm engaged in trading activity linked to Terraform Labs that allegedly accelerated the stablecoin and token's downfall in that period.