Jane Street Responds to Terra Bankruptcy Trustee's Allegations: Groundless and Opportunistic

On February 25, a spokesperson for Jane Street responded to the allegations made by the bankruptcy trustee of Terraform Labs, stating that the lawsuit is an attempt to extract money from Jane Street. Jane Street will firmly defend its rights against “groundless and opportunistic accusations.” “This reckless lawsuit is clearly aimed at extorting money, as it has been fully proven that the losses suffered by Terra and Luna holders were caused by Terraform Labs’ management executing a billion-dollar fraud,” the spokesperson said. (CoinDesk) Previously, it was reported that the court-appointed bankruptcy trustee of Terraform Labs filed a lawsuit in the U.S. District Court in New York, accusing Jane Street of engaging in front-running trades and profiting during the Terra collapse by using non-public insider information provided by Terra insiders.