Mian-Trades

A new lawsuit filed in Manhattan federal court has put one of Wall Street’s most powerful trading firms, Jane Street Group LLC, at the center of a fresh controversy tied to one of the largest crashes in crypto history. The trustee winding down the assets of Terraform Labs — the company behind the algorithmic stablecoin TerraUSD (UST) and its sister token LUNA — alleges that Jane Street used **insider information to profit from and accelerate the collapse of the Terra ecosystem in May 2022.
Background: Terra’s Collapse
In May 2022, TerraUSD lost its dollar peg. As UST spiraled downward, LUNA’s automatic supply-expansion mechanism failed, triggering a catastrophic death spiral. Within days, roughly $40 billion in market value was wiped out as confidence evaporated and major crypto firms — including Three Arrows Capital — were caught in the fallout.
The complaint, filed in February 2026, centers on a series of trades executed just minutes after Terraform Labs quietly withdrew a large amount of UST from a decentralized liquidity pool in May 2022. According to the lawsuit, less than 10 minutes after Terraform removed 150 million UST from the Curve3pool platform, a wallet linked to Jane Street withdrew 85 million UST from the same pool — its largest single swap at the time. The trustee claims this timing suggests Jane Street had access to material non-public information about Terraform’s actions.
The lawsuit alleges that Jane Street’s trading front-ran the market, potentially speeding up TerraUSD’s de-pegging and contributing to wider market panic. It names four defendants, including Jane Street’s co-founder and several traders, and includes multiple counts related to insider trading, securities fraud, and unjust enrichment.
Jane Street’s Response
Jane Street has strongly denied the allegations, describing the lawsuit as an opportunistic attempt to extract money from the firm. It maintains that the losses in the Terra collapse were caused by fraudulent management and design flaws within Terraform Labs itself, not by its own trading activity.
Broader Market Impact
The $40 billion Terra crash remains one of the most consequential events in crypto history, not only for its immediate market damage but also for its role in triggering a series of failures — including the collapse of major funds and exchanges. The new lawsuit adds another chapter to the ongoing legal and regulatory scrutiny facing both crypto projects and traditional financial players who interact with digital assets.
The case is expected to unfold over time, with significant implications for how institutional trading firms operate in markets that still lack uniform regulation.
Reference: Crowdfund Insider, CoinCentral

The biggest publicly-traded company — Nvidia Corporation, which has grown into the world’s largest company with a market valuation above $4 trillion — is set to release its quarterly earnings report tomorrow after the closing bell.
Nvidia currently accounts for a significant portion of U.S. equity market value, sitting near the top of the S&P 500 and influencing broader market direction due to its massive weight in major indexes.
Analysts are closely watching revenue, profit, and guidance — especially around demand for AI data-center chips — as Nvidia’s earnings could drive volatility not just in its own stock, but across tech and global markets.

An autonomous AI trading agent called Lobstar Wilde mistakenly transferred its entire memecoin holdings — worth approximately $250,000 — to a random user on Solana after misreading a request for a small amount of SOL.
The incident occurred when a user on X asked for “4 SOL,” supposedly to help a family member, and provided a wallet address. The bot, created by an OpenAI developer, intended to send a small token reward but instead sent 52.43 million LOBSTAR tokens — its entire treasury.
Because of limited liquidity, the recipient was only able to sell part of the tokens, netting around $40,000, despite the initial transfer being valued at ~$250K. The event sparked widespread debate about the risks and unpredictability of autonomous AI agents managing real crypto assets.

“I will probably end up paying over $500 billion in taxes, inclusive of death tax.”— Elon Musk
With massive stock compensation, share sales, and potential estate taxes, Musk says his total lifetime tax payments could exceed half a trillion dollars — a figure that would make him the largest individual taxpayer ever recorded.