Terraform Labs’ bankruptcy administrator has filed a Manhattan lawsuit accusing Jane Street of contributing to the 2022 Terra collapse by accelerating the UST depeg and profiting from the fallout. The complaint alleges that Jane Street dumped 85 million UST shortly after liquidity was withdrawn, sparking a panic that sent LUNA into hyperinflation and wiped roughly $40 billion from the market. It also claims a Jane Street trader, a former Terraform intern, shared insider information in a private chat dubbed “Bryce’s Secret” and that the firm avoided more than $200 million in losses while profiting during the meltdown.
Terra Classic has traded around $0.00003497, with price below the 50-day moving average near $0.00003790. Immediate resistance sits at $0.00003600, followed by the 50-day SMA near $0.00003790. A sustained break above that level could open the door toward $0.00004000, while a breakdown below $0.00003200 would likely expose the psychological $0.00003000 level again. The Chaikin Money Flow sits near 0.05, indicating mild inflows but not strong accumulation.
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