Is there an article about this written by a human? The “it’s not X. It’s Y” is too distracting.
Where is "it's not X. It's Y"? I didn't notice it.
Jane Street Hit with Terra $40B Insider Trading Suit
21–30 of 75 posts
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#22Didn't many of the FTX cronies come from Jane Street?
So many of the biggest fraudsters in crypto came from tradfi and their scams were discovered because they picked the one asset class where being unable to process withdrawals implies a 100% chance of fraud. It makes you wonder how much fraud occurs in tradfi but it goes undiscovered because nobody can self-custody their paper metals or paper stocks.
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#23Didn't many of the FTX cronies come from Jane Street? So many of the biggest fraudsters in crypto came from tradfi and their scams were discovered because they picked the one asset class where being unable to process withdrawals implies a 100% chance of fraud. It makes you wonder how much fraud occurs in tradfi but it goes undiscovered because nobody can self-custody their paper metals or paper stocks.
[dead]
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#24Didn't many of the FTX cronies come from Jane Street? So many of the biggest fraudsters in crypto came from tradfi and their scams were discovered because they picked the one asset class where being unable to process withdrawals implies a 100% chance of fraud. It makes you wonder how much fraud occurs in tradfi but it goes undiscovered because nobody can self-custody their paper metals or paper stocks.
> It makes you wonder how much fraud occurs in tradfi but it goes undiscovered because nobody can self-custody their paper metals or paper stocks.
Better not mention the FinCEN files either. [0] Where over $100B to $2TN dollars worth of illicit transations from criminals and fraudsters were knowingly allowed by banks and even ponzi schemes were freely allowed as well [1].
[0] https://www.icij.org/investigations/fincen-files/global-bank...
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#25Is there an article about this written by a human? The “it’s not X. It’s Y” is too distracting.
The awful graphic at the top is certainly not made by a human.
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#26Is there an article about this written by a human? The “it’s not X. It’s Y” is too distracting.
Where is "it's not X. It's Y"? I didn't notice it.
The negative parallelism pattern is broader than the literal phrasing "not X, but Y". Here are some examples from the article:
- "A new lawsuit doesn’t just revisit the $40 billion Terra-Luna meltdown; it questions whether..."
- "Ten minutes is not a coincidence. It is a trade."
- "It reads less like a rescue offer and more like a firm positioning itself..."
- "These are not isolated; they are part of Snyder’s broader efforts..."
- "Not just as bystanders, but as alleged participants..."
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#27Is 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/
You could also check Matt Levine from Money Stuff - Bloomberg. He is quite known on HN. The way he writes plus his great knowledge with no BS makes him my favorite (and only) journalist I follow.
Edit: actually someone already found his article and posted it: https://news.ycombinator.com/item?id=47160848
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#28This is about a crypto transaction leading to the Terra/Luna collapse.
If there is one benefit coming from crypto is that it explains clearly why finance is a regulated industry.
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#29Earlier quoted context omitted.
Where is "it's not X. It's Y"? I didn't notice it.
The negative parallelism pattern is broader than the literal phrasing "not X, but Y". Here are some examples from the article: - "A new lawsuit doesn’t just revisit the $40 billion Terra-Luna meltdown; it questions whether..." - "Ten minutes is not a coincidence. It is a trade." - "It reads less like a rescue offer and more like a firm positioning itself..." - "These are not isolated; they are part of Snyder’s broade…
Thanks. I probably didn't notice them because they don't seem at all unnatural.
Re: Jane Street Hit with Terra $40B Insider Trading Suit
#30As 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?
There was never a real $50bn to be evaporated. It's like saying that $1.2tn evaporated in the Bitcoin market drawdown since October - it doesn't mean value has been destroyed, it means the market's estimate of how much value existed was wrong.