Telegram group at center of Jane Street insider-trading allegations in Terra collapse
CoinDesk
Newly unsealed filings allege Jane Street used a private Telegram backchannel to dump UST and profit from Terra's 2022 collapse.Summary
Newly unsealed court documents reveal allegations that trading firm Jane Street utilized a private Telegram channel with Terraform Labs insiders to trade on non-public information. The lawsuit claims Jane Street sold 193 million UST tokens before the stablecoin's collapse and established short positions that yielded approximately $134 million in profits. Jane Street has strongly denied these allegations, characterizing the lawsuit as an opportunistic attempt to extract funds from the firm.
(Source：CoinDesk)