Odaily Odaily reports that Jane Street responded to the lawsuit filed by Terraform Labs' bankruptcy administrators, calling it a transparent act of financial exploitation. Jane Street stated that the losses suffered by Terra and Luna holders were caused by a multi-billion dollar fraud perpetrated by Terraform Labs management.
Previously, Terraform Labs' bankruptcy administrator sued Jane Street, accusing her of using insider information to engage in premature trading, accelerating the collapse of TerraUSD and Luna in 2022. The lawsuit alleged that within 10 minutes of Terraform Labs withdrawing 150 million UST from Curve3pool, a wallet associated with Jane Street also withdrew 85 million UST from the same pool, triggering market panic. Jane Street denied these allegations, calling them baseless speculation.
