Jane Street Aims to Dismiss Insider Trading Lawsuit Linked to Terraform

Jane Street is attempting to dismiss a lawsuit alleging insider trading related to Terraform Labs, which collapsed in 2022, causing $40 billion in losses. The bankruptcy administrator of Terraform accused Jane Street of using non-public information to accelerate the collapse. The case has drawn attention due to the '10 AM dump' pattern, where Jane Street allegedly sold Bitcoin at market open.

By Pooja Rajkumari · TheStreet · April 23, 2026, 21:50 UTC

Tickers: $BLK

Topics: bankruptcy crypto collapse insider trading Jane Street legal dispute Terraform Labs

Read the full article at TheStreet

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