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Was Jane Street the Secret Villain Behind Terra's $40 Billion Crypto Catastrophe?
Was Jane Street the Secret Villain Behind Terra's $40 Billion Crypto Catastrophe?
In a development that could reshape perceptions of one of the most infamous failures of cryptocurrencies, a federal process opened on February 23, 2026, accuses the quantitative trading firm Jane Street of exploiting confidential information to accelerate the de-pegging of the Terra stablecoin UST, contributing to a destruction of $40 BILLION in the market. 😳
The Sequence of Events, According to the Process
In a development that could reshape perceptions of one of the most infamous failures of cryptocurrencies, a federal process opened on February 23, 2026, accuses the quantitative trading firm Jane Street of exploiting confidential information to accelerate the de-pegging of the Terra stablecoin UST, contributing to a destruction of $40 BILLION in the market. 😳
The Sequence of Events, According to the Process
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