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News Explorer — Authorities Investigate Jane Street, Jump Trading for Potential Market Manipulation in TerraUSD Collapse

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Mar 14, 12:46 pm
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Authorities Investigate Jane Street, Jump Trading for Potential Market Manipulation in TerraUSD Collapse

Manhattan federal prosecutors are reportedly examining Telegram messages from Jane Street and Jump Trading employees to determine if market manipulation occurred in the collapse of Terra’s stablecoin. It is believed that the two trading firms had a significant role in the collapse, with several Jane Street traders going on to work in top roles at crypto exchange FTX and trading firm Alameda Research. Additionally, researcher Igor Igamberdiev identified three wallet addresses likely belonging to Jane Street.

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