🚨 JUST IN: New court filings detail fresh allegations around the May 2022 UST collapse.
According to the documents: • Terraform withdrew 150M UST from Curve’s 3pool on May 8, 2022 • Minutes later, Jane Street allegedly sold 85M UST in a single trade • At the time, it was the largest swap ever recorded in that pool Filings claim the trade accelerated the depeg and broader Terra collapse, referencing prior discussions between Terraform, Jump Trading, and Jane Street during the crisis. UST ultimately fell below $0.15. LUNA went to near zero within days. Major new legal scrutiny around one of crypto’s biggest failures.
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🚨 JUST IN: New court filings detail fresh allegations around the May 2022 UST collapse.
According to the documents:
• Terraform withdrew 150M UST from Curve’s 3pool on May 8, 2022
• Minutes later, Jane Street allegedly sold 85M UST in a single trade
• At the time, it was the largest swap ever recorded in that pool
Filings claim the trade accelerated the depeg and broader Terra collapse, referencing prior discussions between Terraform, Jump Trading, and Jane Street during the crisis.
UST ultimately fell below $0.15.
LUNA went to near zero within days.
Major new legal scrutiny around one of crypto’s biggest failures.