Jane Street Responds to Terra Trustee Allegations: Baseless, Opportunistic

BlockBeats News, February 25th, a Jane Street spokesperson responded to the accusations by Terraform Labs' bankruptcy trustee, stating that the lawsuit is an attempt to extort money from Jane Street. Jane Street will vigorously defend its rights against "baseless, opportunistic accusations".

"This desperate lawsuit is clearly a money grab, as it has been overwhelmingly demonstrated that the losses suffered by Terra and Luna holders were the result of Terraform Labs management's multi-billion-dollar fraud." (CoinDesk)

Earlier reports, Terraform Labs' court-appointed bankruptcy trustee has filed a lawsuit against Jane Street in the New York Federal Court, alleging that during Terra's collapse, it engaged in front-running trades using non-public insider information provided by Terra insiders to profit from it.