TL;DR of the Terraform labs drama
Terraform Labs (company behind TerraUSD $UST and $LUNA) just sued Jane Street (Quant fund) in Manhattan federal court (filed Feb 23/24, 2026).
They claim Jane Street:
-Used non-public / insider information from Terraform insiders
-Had back-channel communications through a former Terraform intern (Bryce Pratt), who later joined Jane Street
-Front-ran major liquidity moves before the UST collapse
One key example:
Terraform quietly removed ~$150M of liquidity from Curve’s 3pool.
Minutes later, a Jane Street-linked wallet withdrew ~85M UST from the same pool.
The