Overview
- Court-appointed administrator Todd Snyder filed the complaint in Manhattan federal court seeking damages, disgorgement and a jury trial against Jane Street and individuals Robert Granieri, Bryce Pratt and Michael Huang.
- The suit alleges a Jane Street–linked wallet sold about 85 million UST on Curve’s 3pool within ten minutes of Terraform’s undisclosed 150 million UST withdrawal on May 7, 2022.
- Administrators claim the firm traded on material non-public information obtained through informal communications, highlighting Pratt’s prior internship at Terraform and renewed contacts with staff.
- The heavily redacted filing cites wallet attribution and timestamp evidence to connect the disputed trades to Jane Street.
- Jane Street calls the allegations baseless and attributes investor losses to Terraform’s management, as the estate pursues parallel recovery efforts including a separate multibillion-dollar suit against Jump Trading after a roughly $40 billion wipeout.