Jane Street allegedly used insider info to profit from UST collapse

The IPI's efforts could significantly influence US crypto regulations, potentially positioning the nation as a leader in digital finance innovation. The post Injective Policy Institute launches to shape US onchain finance policy appeared first on Crypto Briefing.

Terraform Labs has accused one of Wall Street’s largest trading firms, Jane Street, of allegedly using a private Telegram group chat with insiders to dump its TerraUSD (UST) stablecoin holdings just hours before its collapse. Related Reading: Top Crypto Exchange Expands Into UK With New Local Platform Jane Street Used Terraform Group Chat For ‘Defi […]

New allegations claim that Jane Street made use of a private backchannel with Terraform insiders before Terra's collapse.

The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse.

The lawsuit could set a precedent for increased scrutiny and regulation of trading firms' use of private communication channels. The post Jane Street accused of insider trading via Telegram channel with Terraform Labs appeared first on Crypto Briefing.

The lawsuit could set a precedent for increased scrutiny and regulation of trading firms' use of private communication channels. The post Jane Street accused of insider trading via Telegram channel with Terraform Labs appeared first on Crypto Briefing.

The case underscores the need for stricter crypto regulations and transparency, highlighting vulnerabilities in insider trading prevention. The post Jane Street allegedly used insider info to profit from UST collapse appeared first on Crypto Briefing.

Jane Street has rejected new insider trading claims centred on a private Telegram channel during the 2022 Terra collapse. A Manhattan federal complaint alleges Jane Street used a private Telegram channel to exit $192 million in TerraUSD before its May…