Jane Street accused of insider trading via Telegram channel with Terraform Labs
Jane Street is facing allegations of insider trading related to the collapse of TerraUSD. A federal lawsuit claims the firm used a private Telegram channel to gain insider information and profit from the situation. The lawsuit names several individuals associated with Jane Street and highlights a significant withdrawal from a liquidity pool prior to the collapse.
- ▪Jane Street is accused of using a private Telegram group to obtain insider information from Terraform Labs.
- ▪The lawsuit alleges that the firm dumped $192 million in UST just minutes before Terra's collapse, making a profit of $134 million.
- ▪The Telegram channel, named 'Bryce's Secret', was allegedly created by a Jane Street employee and used to exchange non-public information.
Opening excerpt (first ~120 words) tap to expand
Jane Street accused of insider trading via Telegram channel with Terraform Labs A federal lawsuit alleges the quantitative trading giant used a private Telegram group called 'Bryce's Secret' to dump $192 million in UST minutes before Terra's historic collapse, netting $134 million in profits. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Three years after TerraUSD’s spectacular…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.