Showing 1–4 of 4
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 […]
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 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.
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.
