Jane Street accused of using Terra Telegram backchannel before UST crash
CoinTelegraph·
60-second summary
Jane Street is accused of using a private Terra Telegram backchannel to unwind hundreds of millions of dollars in potential exposure mere hours before the Terra ecosystem's $40 billion collapse, sparking concerns about insider trading and market manipulation. This alleged action has raised questions about the firm's role in the Terra's catastrophic failure and its broader implications for market integrity.
The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse.