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Jane Street Hit with Terra $40B Insider Trading Suit

disruptionbanking.com

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Re: Jane Street Hit with Terra $40B Insider Trading Suit

#12

Post by ChrisMarshallNY »

consumer451 wrote: post #4
Infernal wrote: post #3

Is there an article about this written by a human? The “it’s not X. It’s Y” is too distracting.

Waiting for the only human I trust in this space to report on this: https://www.web3isgoinggreat.com/

+1 on that. Thanks!

I'm sure she'll be right on it...

Re: Jane Street Hit with Terra $40B Insider Trading Suit

#13

Post by tripplyons »

qgin wrote: post #11

I'm unclear what insider trading means in the context of crypto. Inside what?

It's a bad headline. They used publicly available blockchain transactions and didn't cause the collapse of the Terra ecosystem. Terra collapsed because it was a Ponzi scheme offering 20% APY on a fake stablecoin. The Terra stablecoin was not backed by real dollars, but instead by a cryptocurrency called Luna that did nothing else other than let you issue Terra stablecoins.

Re: Jane Street Hit with Terra $40B Insider Trading Suit

#16

Post by zahlman »

nubg wrote: post #10
Infernal wrote: post #3

Is there an article about this written by a human? The “it’s not X. It’s Y” is too distracting.

This this this so much. Thanks for pointing it out. > Ten minutes is not a coincidence. It is a trade.

Wow, that's... considerably worse than typical output nowadays.

Re: Jane Street Hit with Terra $40B Insider Trading Suit

#17

Post by consumer451 »

ChrisMarshallNY wrote: post #12
consumer451 wrote: post #4

Earlier quoted context omitted.

Waiting for the only human I trust in this space to report on this: https://www.web3isgoinggreat.com/

+1 on that. Thanks! I'm sure she'll be right on it...

She's far braver than most of us. I self-censor all the time on this website.

Havel's greengrocer, placing the sign.

Carney at Davos, his eyes uncovered.

Re: Jane Street Hit with Terra $40B Insider Trading Suit

#18

Post by yunnpp »

readams wrote: post #7

As always, Matt Levine has the best take on this: https://www.bloomberg.com/opinion/newsletters/2026-02-24/ai-... "I am sorry. But if you go to Jump Trading and Jane Street and say “hello, I have an unregulated poorly designed mechanism that could lead to $50 billion of market value collapsing overnight, would you like to trade with me,” they are going to say yes, but their eyes are going to light up, you know? If at…

I don't really follow this space, but is evaporating $50bn not a concern to anybody?

Re: Jane Street Hit with Terra $40B Insider Trading Suit

#19

Post by fn-mote »

sam0x17 wrote: post #2

And oddly, suddenly the daily 10 AM Jane Street BTC sells stop and suddenly crypto is able to rally...

You have to connect this to the market or the article. I certainly don’t believe Jane Street is keeping crypto down somehow. What kind of non-conspiracy theory are you proposing?

Re: Jane Street Hit with Terra $40B Insider Trading Suit

#20

Post by [deleted] »

yunnpp wrote: post #18
readams wrote: post #7

As always, Matt Levine has the best take on this: https://www.bloomberg.com/opinion/newsletters/2026-02-24/ai-... "I am sorry. But if you go to Jump Trading and Jane Street and say “hello, I have an unregulated poorly designed mechanism that could lead to $50 billion of market value collapsing overnight, would you like to trade with me,” they are going to say yes, but their eyes are going to light up, you know? If at…

I don't really follow this space, but is evaporating $50bn not a concern to anybody?

[deleted]
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