
Jane Street Faces New Lawsuit: Trump Media Calls For Federal Investigation
Jane Street, one of the world’s largest market-making firms, has come under growing scrutiny as a series of allegations have surfaced linking the company to major disruptions in the crypto market. The firm is already facing a federal lawsuit tied to the collapse of Terraform Labs, and now new claims circulating on social media suggest that Trump Media has accused Jane Street and other trading firms of “naked short selling” in a letter to Congress. Jane Street Rejects Terra Allegations The legal troubles began earlier this week. On February 23, a lawsuit was filed in the US District Court for the Southern District of New York accusing Jane Street of using confidential information obtained from Terraform Labs to shield itself from heavy losses before the Terra/Luna ecosystem unraveled in May 2022. Related Reading: Coinbase Stablecoin Revenue Could Surge 7x Under GENIUS Act, Bloomberg Analysts Say According to the complaint, Jane Street allegedly leveraged insider knowledge to avoid mor
