US EditionJane Street Faces Claims of Insider Trading that Sped up Terraform's 2022 Collapse
Todd Snyder alleges Jane Street used private Terraform information to front-run trades, accelerating a $40 billion collapse and causing global crypto market losses.
- Todd Snyder, the administrator winding down Terraform Labs, sued Jane Street on February 24, 2026, alleging use of nonpublic information during the 2022 collapse, including a $85 million withdrawal by a linked wallet.
- On February 24, 2026, a wallet linked to Jane Street pulled 85 million UST after Terraform withdrew 150 million UST on May 7, 2022, the suit claims.
- On May 9, private group chat messages show a Jane Street employee floated offers to buy bitcoin or Luna, while the estate alleges private communications indicated advance insight into Terraform's liquidity moves.
- Legal experts say the case could redefine insider trading in crypto as Jane Street denied the allegations and vowed a vigorous defense, calling the suit an attempt to extract money and shift blame.
- The collapse erased roughly $40 billion, triggering a chain reaction that contributed to FTX's failure, as the wider impact of the episode becomes clearer on February 24, 2026.
32 Articles
32 Articles
Jane Street Sued for Insider Trading by Terraform Administrator
Jane Street Group LLC was sued for alleged insider trading by the administrator winding up the affairs of Terraform Labs, the firm whose $40 billion collapse in 2022 roiled the crypto markets and contributed to the collapse of FTX.
Jane Street Sued For Crypto Insider Trading That Accelerated Terraform Collapse
Jane Street Sued For Crypto Insider Trading That Accelerated Terraform Collapse For years - literally - we have been pounding the table and pointing out market rigging and manipulation irregularities in the crypto markets which, for reasons of our own, we attributed to one of the world's foremost HFT shops and most profitable "market makers" in the world (if not India), Jane Street. Below is an example from 2023, and here are hundreds of others.…
Jane Street Sued Over Alleged Role in Terra-Luna's $40B Collapse in 2022
TLDR: Terraform Labs’ bankruptcy administrator filed a lawsuit against Jane Street in Manhattan in February 2026. Jane Street allegedly dumped 85M UST minutes after Terraform pulled 150M UST liquidity from Curve Finance. A private chat called “Bryce’s Secret” allegedly gave Jane Street insider knowledge before the Terra-Luna collapse. Jane Street reportedly avoided over $200M in losses while retail investors suffered catastrophic and unrecovera…
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