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Jane Street at the Center of a Scandal: Accused of Insider Trading in the Terra/Luna Collapse
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Jane Street at the Center of a Scandal: Accused of Insider Trading in the Terra/Luna Collapse

New York, February 26, 2026 – An explosive lawsuit filed on February 23, 2026, in the United States District Court for the Southern District of New York (SDNY, Case No. 1:26-cv-1504) has thrust the powerful quantitative trading firm Jane Street into the spotlight. The plaintiff is Todd R. Snyder, the court-appointed plan administrator overseeing the wind-down and liquidation of Terraform Labs, the company behind the TerraUSD (UST) and LUNA ecosystem, whose dramatic collapse in May 2022 wiped out approximately $40 billion in market value in just days.

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