world
Lawsuit Alleges Jane Street Insider Trading Before $40B Terraform Crash; Firm Seeks Dismissal
Jane Street has urged a judge to throw out a lawsuit accusing the firm of trading on inside information. The alleged trading occurred ahead of the $40 billion crash of cryptocurrencies associated with Terraform. The case highlights scrutiny on trading practices in the crypto market.
Apr 23, 3:54 PM·1m read1 source
BloombergAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Jane Street urged a judge to throw out a lawsuit accusing it of trading on inside information ahead of the $40 billion crash of cryptocurrencies associated with Terraform, @business reported. The lawsuit accuses Jane Street of trading on inside information, focusing on activities that preceded the significant market event.
The crash of these cryptocurrencies was valued at $40 billion, marking a major downturn in the sector.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationLimited · 1 source
