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 (UST). The lawsuit claims that the trading firm used a private Telegram channel to gain non-public information, allowing them to profit significantly before the stablecoin's failure. This case highlights the ongoing scrutiny of trading practices in the cryptocurrency market.
- ▪Terraform Labs' estate has filed a lawsuit against Jane Street in Manhattan federal court.
- ▪The lawsuit alleges that Jane Street used insider information from a private Telegram group to sell $192 million worth of UST.
- ▪Jane Street reportedly made a profit of $134 million by dumping UST just before its collapse.
Opening excerpt (first ~120 words) tap to expand
Jane Street accused of insider trading via Telegram channel with Terraform Labs Terraform Labs' estate alleges the trading giant used a private chat called 'Bryce's Secret' to dump $192 million in UST before the stablecoin imploded, netting $134 million in profit. 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); A private Telegram group called “Bryce’s Secret” is now at the center of…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
