BlockBeats News, February 24th, according to WSJ, Terraform Labs’ court-appointed bankruptcy trustee has filed a lawsuit against Jane Street in the New York federal court, accusing the firm of engaging in front‐running trades using non-public insider information provided by Terra insiders during Terra’s collapse and profiting from it.
The complaint alleges that on May 7, 2022, shortly after Terraform Labs removed 150 million TerraUSD (UST) from the Curve pool, a wallet address associated with Jane Street also withdrew 85 million UST from the same pool, engaging in a series of illicitly profitable trades that hastened the demise of Terraform Labs.
