Jane Street was accused of using a private Telegram channel with a former Terraform employee, which helped it unwind hundreds of millions of UST just before the Tera collapse in 2022.

Newly unsealed filings detail a private chat dubbed ‘Bryce’s Secret’ that Terraform’s estate says gave Jane Street an informational edge before UST’s collapse.

Court filings allege Jane Street sold $193M in UST before its collapse using insider info from a private Telegram group, then made $134M shorting the token.