The administrator winding down Do Kwon’s Terraform Labs has sued Jane Street, alleging that the high-speed trading giant engaged in insider trading to profit unlawfully from and ultimately hasten the crypto empire’s collapse. Todd Snyder, the plan administrator appointed by a bankruptcy court, is seeking damages from Jane Street, its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang.…
We talked about this a couple of times, and I found it very amusing. (They settled in December.) Do you know who did not find it amusing? The Securities and Exchange Board of India, the Indian securities regulator. From SEBI’s perspective, the story here is: Jane Street found a counterintuitive way to extract unbelievable amounts of money from the Indian…
To put this in context, the UK prime minister is currently paid £172,153 ($224,528 at pixel time), roughly split between the salary they get as a member of parliament and as the head of government. In other words, Sir Keir Starmer currently makes less a month than many of the interns at Jane Street. And yes, sure, he gets to…
When Wall Street scrambled to launch bitcoin funds earlier this year, there was just one trading company named in regulatory filings as an anchor market-maker for every single one: Jane Street. The move underscored how a quirky and opaque New York firm has used its dominance in exchange traded funds and embrace of more finicky financial securities as a springboard…