Terraform Labs sues Jane Street for alleged insider trading prior to Terra-Luna collapse: WSJ

Todd Snyder, the liquidation administrator overseeing Terraform Labs, has filed a lawsuit against Jane Street, co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang, alleging insider trading that accelerated the collapse of the Terra-Luna ecosystem. Snyder claims Jane Street abused market relationships by using non-public information obtained from Terraform insiders to front-run trades for substantial profits at the expense of creditors. The complaint cites an instance where Jane Street allegedly withdrew 85 million TerraUSD shortly after an undisclosed Terraform withdrawal from the Curve3pool. Jane Street disputes the claims, attributing the collapse to a "multibillion-dollar fraud" by Terraform's management and promising a vigorous defense against what it calls "opportunistic claims." The lawsuit also suggests some non-public information may have been leaked to Jane Street via Jump Trading, which Terraform Labs is also suing.

(Source：The Block)