BlockBeats news: On February 25, a spokesperson for Jane Street responded to allegations by the bankruptcy administrator of Terraform Labs, stating that the lawsuit is an attempt to extract money from Jane Street, and that Jane Street will firmly defend its rights against these "baseless and opportunistic claims."
This desperate lawsuit is clearly an attempt to extract money, as it has been thoroughly demonstrated that the losses suffered by Terra and Luna holders were caused by a billions-of-dollars fraud orchestrated by Terraform Labs’ management.
Previously, the court-appointed bankruptcy trustee for Terraform Labs sued Jane Street in the U.S. District Court for the Southern District of New York, alleging that Jane Street engaged in front-running trades and profited from non-public, material information provided by insiders during the Terra collapse.