TechFlow News, February 24: According to The Wall Street Journal, Todd Snyder, the court-appointed liquidation manager for Terraform Labs, has sued high-frequency trading giant Jane Street, accusing it of trading on material nonpublic information, generating illicit profits, and ultimately accelerating the collapse of Do Kwon’s crypto empire.
The lawsuit names Jane Street, its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang as defendants and seeks damages. Previously, another trading firm, Jump, was also accused of involvement in the collapse of Terraform and Do Kwon’s crypto empire.
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