Jane Street Accused of Using Terra Telegram Channel Before UST Crash
Cointelegraph
A court filing alleges Jane Street used a private Telegram channel to access nonpublic information before the 2022 TerraUSD collapse.Summary
A bankruptcy court filing in the Terraform Labs case accuses the quantitative trading firm Jane Street of utilizing a private Telegram group, named "Bryce’s Secret," to obtain confidential insider information. According to the court-appointed administrator, this backchannel allowed Jane Street to front-run trades and offload TerraUSD (UST) exposure shortly before the algorithmic stablecoin lost its peg in May 2022. Jane Street has filed a motion to dismiss the lawsuit, characterizing it as an attempt by Terraform Labs to recoup losses resulting from its own internal fraud.
(Source：Cointelegraph)