JANE STREET ACCUSED OF USING TERRA INSIDER INFO FOR $134M PROFIT
Recently unsealed court filings have revealed explosive allegations that Wall Street trading giant Jane Street profited $134 million from shorting TerraUSD (UST) using inside information obtained from Terraform Labs . According to the documents, Jane Street allegedly received insider information through a private Telegram group called "Bryce's Secret."
The allegations: The filing claims that Jane Street then sold $192 million worth of UST near its pegged price before the eventual collapse. During the period when the Terra ecosystem lost approximately $40 billion in market value, the trading firm allegedly profited $134 million from shorting the doomed stablecoin . The allegations, if proven, would represent one of the most significant insider trading cases in cryptocurrency history, potentially exposing major Wall Street players to regulatory enforcement actions.