Jane Street Sued Over Insider Allegations Linked to Terra Collapse, Possible Impact on Bitcoin Price Movements Noted

Could the Cessation of Selling Pressure Affect BTC?

On the 23rd, the bankruptcy trustee of Terraform Labs (TFL) filed a lawsuit against major U.S. trading firm Jane Street, accusing it of insider trading in connection with the 2022 cryptocurrency Terra (LUNA) collapse. According to the complaint filed in the Federal Court of New York, the company had allegedly sold about $85 million worth of UST using non-public information just before the collapse.