Jane Street asks court to reject Terraform claims tied to UST-LUNA crash
CoinDesk
Jane Street has filed a motion to dismiss a lawsuit from Terraform Labs seeking to blame the firm for the 2022 UST-LUNA collapse.Summary
Jane Street has formally requested that a U.S. court dismiss a lawsuit filed by the bankruptcy estate of Terraform Labs. The estate alleges that Jane Street engaged in insider trading and contributed to the 2022 collapse of the Terra ecosystem, which resulted in $40 billion in losses. Jane Street maintains that the lawsuit is a meritless attempt to shift blame for a fraud orchestrated by Terraform founder Do Kwon, who has already been held liable for securities fraud and sentenced to prison. The firm argues that the matters in question have already been litigated and that it had no involvement in Terraform’s internal misconduct.
(Source：CoinDesk)