❗️Jane Street has deleted all posts on X following a market manipulation lawsuit
It is reported that Jane Street cleared all posts from its official X account shortly after a lawsuit was filed, accusing it of potential market manipulation during the collapse of the Terra (LUNA/UST) ecosystem.
⚖️ Context: The lawsuit claims that the market maker may have used insider information during the period of liquidity decline and the de-pegging of UST, allegedly exacerbating the cascade collapse of the system.
💬 Important to consider: Deleting posts does not in itself confirm the allegations or serve as proof of guilt — a legal assessment will depend on the course of the trial and the evidence presented.
➡️ The news heightens nervousness among participants and fuels discussion about the role of large market makers during crisis events in the crypto market.
Opinion: The very fact of deleting posts after the lawsuit increases reputational risks and pressure on trust in market makers, but final conclusions can only be made after a court review. For the market, this is more likely a short-term volatility factor rather than a fundamental trigger.
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❗️Jane Street has deleted all posts on X following a market manipulation lawsuit
It is reported that Jane Street cleared all posts from its official X account shortly after a lawsuit was filed, accusing it of potential market manipulation during the collapse of the Terra (LUNA/UST) ecosystem.
⚖️ Context:
The lawsuit claims that the market maker may have used insider information during the period of liquidity decline and the de-pegging of UST, allegedly exacerbating the cascade collapse of the system.
💬 Important to consider:
Deleting posts does not in itself confirm the allegations or serve as proof of guilt — a legal assessment will depend on the course of the trial and the evidence presented.
➡️ The news heightens nervousness among participants and fuels discussion about the role of large market makers during crisis events in the crypto market.
Opinion:
The very fact of deleting posts after the lawsuit increases reputational risks and pressure on trust in market makers, but final conclusions can only be made after a court review. For the market, this is more likely a short-term volatility factor rather than a fundamental trigger.
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