Jane Street Accused of Using Insider Information to Sell UST which Accelerated TerraUSD’s Depeg

Jane Street has been accused in a fresh civil lawsuit of using insider information to sell UST in a way that allegedly accelerated TerraUSD’s depeg on May 7, 2022, helping trigger the death spiral that wiped out roughly $40 billion in value. The plaintiff is Todd R. Snyder, the court-appointed administrator overseeing Terraform Labs’ bankruptcy

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