On May 23, 2026, Terraform Labs’ bankruptcy trustee filed a lawsuit against Jane Street in New York federal court, alleging insider trading linked to the 2022 collapse of TerraUSD (UST). The suit claims Jane Street used non-public information to withdraw $85 million in UST, accusing the firm of leveraging confidential liquidity data. Jane Street responded by calling the case a 'money grab' and denying the accusations, attributing losses to Terraform Labs’ management fraud.