Jane Street asks court to reject Terraform claims tied to UST-LUNA crash
CoinDesk·3h ago·Neutral
What Happened
Jane Street filed motions Thursday to dismiss a Terraform Labs bankruptcy lawsuit claiming the trading firm triggered the 2022 UST stablecoin collapse costing $40 billion. Jane Street rejected allegations of insider trading, arguing Terraform founder Do Kwon perpetrated the fraud. Kwon pleaded guilty to conspiracy and wire fraud, serving 15 years imprisonment.
Key Entities
Jane StreetTerraform LabsUSTLunaDo KwonSouthern District of New YorkTodd Snyder$40 billion