“内幕信息”抢跑、低折扣抄底，量化巨头JaneStreet加速了2022年的“币圈寒冬”

Core Viewpoint - Jane Street, a major player in high-frequency trading, is facing a significant lawsuit for allegedly using insider information to execute trades that contributed to the collapse of the Terra ecosystem, resulting in losses of up to $40 billion and triggering a downturn in the global cryptocurrency market in 2022 [1][2]. Group 1: Allegations and Lawsuit Details - The lawsuit was filed by Todd Snyder, the bankruptcy trustee for Terraform Labs, against Jane Street and its co-founders, accusing them of manipulating the market for personal gain by utilizing confidential internal communications to execute large-scale sell-offs [1][5]. - Jane Street allegedly established a "backdoor" communication channel with Terraform to gain access to non-public financial information, which they then used to maximize their trading profits [5][6]. Group 2: Key Events Leading to the Collapse - On May 7, 2022, Terraform withdrew $150 million worth of TerraUSD from a liquidity pool without public announcement, shortly before Jane Street executed a significant sell-off of $85 million in TerraUSD, which triggered a massive sell-off in the market [6][7]. - Following the sell-off, Jane Street reportedly sought to capitalize on the crisis by expressing interest in purchasing Bitcoin or Luna tokens at a steep discount, leveraging their insider knowledge [8][9]. Group 3: Impact of the Collapse - The collapse of TerraUSD led to a dramatic decline in its value, plummeting to $0.42 by May 12, 2022, and further down to $0.15 the next day, causing significant losses for investors and contributing to the eventual collapse of FTX [9]. - The ongoing bankruptcy proceedings for Terraform Labs are being closely monitored, with the founder Do Kwon currently serving a 15-year prison sentence, and similar lawsuits against other trading firms like Jump Trading are also in progress [9].