Jane Street vs. Terraform Labs: How One Federal Lawsuit Is Putting Crypto Market Makers on Trial

TLDR: Terraform’s wind-down trust sued Jane Street in February 2026 over alleged insider trading during the 2022 Terra collapse. A Jane Street-linked wallet allegedly withdrew 85M UST after Terraform quietly pulled 150M UST from Curve’s 3pool. The complaint invokes the Commodity Exchange Act and Rule 10b-5, applying traditional anti-fraud law to crypto markets. Binance has [...]

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