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Jane Street applies to dismiss lawsuit alleging insider trading before Terraform's collapse
ME News Report, April 24 (UTC+8), according to Bloomberg, Jane Street has filed a motion in court to dismiss a lawsuit accusing it of insider trading prior to the Terraform collapse. Jane Street denies the allegations of insider trading and market manipulation, stating that the lawsuit attempts to shift the losses caused by Terraform’s own fraudulent actions onto them. Jane Street claims that the plaintiff failed to prove that they possessed or exploited non-public information, and that the relevant trades were based on publicly available market signals. (Source: MLion)