Terraform Labs Sues Jane Street in Bankruptcy Case Over 2022 UST Collapse; Jane Street Moves to Dismiss
Jane Street has asked a federal court to dismiss a bankruptcy lawsuit from Terraform Labs. The suit alleges the trading firm contributed to the 2022 collapse of the UST stablecoin. Jane Street described the action as an effort to shift blame for Terraform's own fraud.
Substrate placeholder — needs reviewJane Street filed a motion in federal court to dismiss a bankruptcy lawsuit brought by Terraform Labs, according to CoinDesk. The lawsuit claims Jane Street helped trigger the 2022 collapse of the UST stablecoin, CoinDesk reported. Jane Street argues the lawsuit seeks to shift blame and costs for Terraform's own alleged fraud, while Terraform claims Jane Street contributed to the UST collapse.
The UST collapse occurred in 2022.
Key Facts
Story Timeline
3 events- 2026-04-25
Jane Street files motion to dismiss Terraform Labs' bankruptcy lawsuit.
1 sourceCoinDesk - 2022
Terraform Labs' bankruptcy lawsuit claims Jane Street helped trigger the UST collapse.
1 sourceCoinDesk - 2022
The UST collapse occurred.
1 sourceunattributed
Potential Impact
- 01
Potential dismissal could end legal proceedings against Jane Street related to the UST collapse.
- 02
Ongoing lawsuit may affect Terraform Labs' bankruptcy restructuring efforts.
- 03
Resolution could influence perceptions of responsibility for the 2022 crypto market events.
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