Court documents allege Jane Street used insider information from Terraform to short UST, profiting $134 million

According to recently unsealed court documents, Jane Street is alleged to have obtained insider information from Terraform Labs via a private Telegram group named "Bryce's Secret."

The documents claim that Jane Street subsequently sold approximately $192 million worth of UST when it was near its peg price, and profited around $134 million by shorting UST during the collapse of TerraUSD and the evaporation of roughly $40 billion in market value from the Terra ecosystem. (CoinDesk)