The court-appointed administrator responsible for the liquidation of Terraform (formerly TERRA-LUNA, which went bankrupt) sued Jane Street for alleged insider trading.
Apparently, the quantitative trading firm was the main catalyst for the depegging of UST, Terra's former stablecoin, which subsequently affected several companies and protocols.
This wave of bankruptcies culminated in the collapse of FTX in November 2022. Incidentally, SBF, a director at FTX, began his career at Jane Street.
They're the market maker for IBIT as well, ZeroHedge been calling out their shenans for awhile.
Bottom in? 🍿
Interesting
I doubt anything comes of this Jane Street broke an insolvent scam