Terraform Labs bankruptcy administrator sues Jane Street, accusing it of frontrunning trades using insider information
ChainCatcher news, according to WSJ, the court-appointed bankruptcy administrator of Terraform Labs has filed a lawsuit against Jane Street in a New York federal court, accusing it of engaging in front-running trades and profiting from non-public insider information provided by Terra insiders during the Terra collapse.
The complaint states that shortly after Terraform Labs withdrew 150 million TerraUSD (UST) from the Curve liquidity pool, a wallet address associated with Jane Street also withdrew 85 million UST from the same pool. This series of operations allegedly resulted in illegal profits and accelerated the demise of Terraform Labs.
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