Court documents allege Jane Street used inside information from Terraform to short UST and profit $134 million

According to recently unsealed court documents, Jane Street is accused of obtaining inside information about Terraform Labs through a private Telegram group called "Bryce's Secret."

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