Jane Street Faces Insider Trading Claims Over TerraUSD Collapse in Unsealed Court Filing

Allegations that Wall Street quantitative trading giant Jane Street secretly obtained non-public information ahead of TerraUSD (UST)’s 2022 depegging have resurfaced after newly unsealed court filings pointed to a private Telegram channel allegedly used as an insider ‘backchannel’ into Terraform Labs.

The claims appear in a complaint filed in the Terraform Labs bankruptcy proceedings and unsealed in U.S. court records. According to the filing, Jane Street maintained a private Telegram group called “Bryce’s Secret” with Bryce Pratt—now described as a systems developer at the firm—who…  Read more

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