Apart from the Terraform lawsuit, Jane Street was accused of market manipulation in India last year

BlockBeats News, February 26th, according to public information, in July 2025, the Securities and Exchange Board of India (SEBI) issued an interim ban on Jane Street Group, accusing it of manipulating the Indian index (such as the Bank Nifty index) through high-frequency trading strategies.

The SEBI allegation stated that Jane Street on derivative expiration dates manipulated the index by buying underlying stocks and futures in the spot market to drive up the index, and then profited on options (causing small investors to trade at unfavorable prices). SEBI froze about 4.843 billion rupees (approximately $565 million) of assets and prohibited Jane Street from trading in the Indian securities market.

Recently, allegations of market manipulation by Jane Street have been frequently exposed. The court-appointed bankruptcy trustee of Terraform Labs has filed a lawsuit against Jane Street in the New York Federal Court, accusing it of engaging in frontrunning trades using non-public insider information provided by Terra insiders during the Terra crash and profiting from it.

Furthermore, the crypto community has accused Jane Street of manipulating the market for Bitcoin ETFs and Silver ETFs through market-making.