Episode Details

This video is a clip from BND: Strategy Room Live Stream on February 28, 2026. Jane Street is being sued by the trust administrator for Terraform Labs. The suit alleges that the company engaged in insider trading to profit unlawfully and ultimately caused the collapse of Terraform Labs. Did the actions of Jane Street cause the destruction of Terraform Labs and thus cause the Crypto Winter of 2022? Terraform Labs was the issuer of TerraUSD, one of the largest stablecoins at the time, and a sister token called Luna. Terraform Labs collapsed in 2022 and declared bankruptcy in 2024. The founder of the company Du Kwon is currently in prison serving a 15-year sentence after pleading guilty to two criminal counts.