🚨 The lawsuit against Jane Street reopens the Terra (LUNA) case and stirs the cryptocurrency market
⚖️ The New Chapter of the Terra (LUNA) Case
The lawsuit filed by Terraform Labs against Jane Street shifts the focus from the 2022 collapse. Instead of just "code failure", it now speaks of manipulation and insider trading.
The Central Points of the Accusation:
Insider Trading: Jane Street allegedly used a former intern from Terraform Labs to obtain real-time operational data before the market.
The "Blow" of May 7: The lawsuit claims that just 10 minutes after Terraform withdrew liquidity from the pool, Jane Street dumped $85 million, accelerating the loss of UST's peg to the dollar.
Suspicious Connections: The news highlights that former executives of Jane Street founded Alameda Research/FTX, creating a web of relationships among the biggest names that collapsed or are under investigation.
Why does this matter now?
Reputation on Wall Street: Jane Street is a key player in Bitcoin ETFs. Any serious legal issues could affect institutional confidence.
Market Reaction: Bitcoin rose 3.5% (surpassing $65,000) shortly after the announcement, which analysts interpret as relief from the reduction of selling pressure from these institutions.
SBF Narrative: The White House reinforced that Sam Bankman-Fried will not be forgiven by Trump, closing the doors to a political exit for the founder of FTX.
Summary for Social Media (Short Caption):
"The LUNA case is not dead! 🚨 Jane Street is now in the dock, accused of using insider information to profit from the collapse of Terra in 2022. This shows that the FTX/Alameda pit could be much deeper and involve giants of Wall Street. The market reacted with a rise, but the debate on institutional manipulation is just beginning. 📈⚖️
#Cripto #LUNA #Bitcoin #JaneStreet $LUNA