BlockBeats News, February 25 — A spokesperson for Jane Street responded to the allegations from Terraform Labs’ bankruptcy trustee, stating that the lawsuit is an attempt to extract money from Jane Street. Jane Street will firmly defend its rights and oppose “baseless, opportunistic accusations.”
“This reckless lawsuit is clearly an attempt to extort money, as it has been fully proven that the losses suffered by Terra and Luna holders are the result of Terraform Labs’ management executing a billion-dollar fraud.” (CoinDesk)
Earlier reports indicate that the court-appointed bankruptcy trustee for Terraform Labs has filed a lawsuit in the U.S. District Court in New York, accusing Jane Street of engaging in front-running trades and profiting during Terra’s collapse by using non-public insider information provided by Terra insiders.
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