🟢Jane Street behind the start of the 2022 downtrend

Summary of the latest allegations in Terraform's lawsuit against Jane Street:
🟠 From 2018 to early 2022, Jane Street signed direct trading agreements with Terraform Labs.
- Bryce Pratt - former Terraform intern became the bridge between Jane Street and the Terra engineering team.
- Non-public data was shared under the guise of “investment discussion”.
-> Marking Jane Street as an insider.
🟠 7/5/2022 - The withdrawal before the peg broke
- 17:44 EST, Terraform quietly withdrew $150M UST from Curve 3pool.
- Less than 10 minutes later, Jane Street allegedly withdrew $85M from the same pool.
-> Jane Street seemingly knew everything that was going to happen and front-ran the market.
🟠 8-9/5/2022 - Public reassurance, private accumulation?
- Do Kwon reassured that this was just a liquidity move, and Bryce Pratt messaged proposing to buy BTC/LUNA at discounted prices.
- Jump Trading is also mentioned as being involved (2021 in rescuing the UST peg).
-> Jane Street destroyed Terraform by dumping tokens and breaking the ecosystem, making statements to save Terra, while actually draining the remaining small value.
🟠What followed was well known; Terraform went bankrupt in 2024. If the US court finds misuse of non-public information, this will be one of the biggest insider trading cases in US crypto history.