Jane Street: Terraform Labs' Accusations Are Desperate and Unscrupulous Acts to Extract Funds

Odaily News According to the lawsuit filed by Terraform Labs' bankruptcy trustee, Jane Street responded that the lawsuit is a transparent attempt to extract funds. Jane Street stated that the losses suffered by Terra and Luna holders were caused by a multi-billion dollar fraud perpetrated by Terraform Labs' management.

Previously, the Terraform Labs bankruptcy trustee sued Jane Street, accusing it of using insider information for front-running, which accelerated the collapse of TerraUSD and Luna in 2022. The lawsuit alleges that within 10 minutes of Terraform Labs withdrawing 150 million UST from the Curve3pool, a wallet associated with Jane Street also withdrew 85 million UST from the pool, triggering market panic. Jane Street denied these allegations, calling them baseless speculation.