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Possible Involvement of Jane Street in Terra Depeg Wallet Saga

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According to reports, Wintermute researcher Igor Igamberiev said on social media that the wallet related to Terra depeg last year might belong to the trading c…

Possible Involvement of Jane Street in Terra Depeg Wallet Saga

According to reports, Wintermute researcher Igor Igamberiev said on social media that the wallet related to Terra depeg last year might belong to the trading company Jane Street. According to the transaction analysis, on May 3, 2022, Clearpool announced that Jane Street had borrowed 25 million USDC from BlockTower using their licensed loan pool. 1. Within two weeks of Terra’s collapse, this address received US $15 million and repaid it to the lender together with another US $10 million, without any purpose; 2. Invested 150000 US dollars in tonicdex; 3. Borrowed $25 million again and deposited it in a very interesting Coinbase wallet.

Wintermute researcher: Jane Street wallet may be associated with UST depeg

Interpretation of the news:


Recent reports have indicated that a researcher at Wintermute, Igor Igamberiev, revealed on social media that the wallet associated with the Terra Depeg crisis last year could potentially belong to trading powerhouse Jane Street. Clearpool, in a public statement, announced that on May 3, 2022, Jane Street had borrowed $25 million in USDC from BlockTower via their licensed loan pool.

Upon analyzing the transactions, it was discovered that within two weeks of Terra’s collapse, the aforementioned wallet received $15 million and repaid it to the lender shortly after, along with an additional $10 million- with no purpose specified for the transactions. Further analysis indicates investment of $150,000 in TonicDex, an ERC-20 decentralized exchange, as well as a possible new maneuver that saw the company borrow another $25 million and deposit it into an intriguing Coinbase wallet.

While the involvement of Jane Street in the Terra Depeg crisis is not certain, there is reasonable cause for suspicion and further investigation. The peculiar transaction patterns could indicate potential insider trading or other nefarious activities. It is also not yet clear whether the funds borrowed are linked to Jane Street’s substantial $17 billion assets under management or whether they were borrowed for the sole purpose of profiting from the Depeg crisis. Regardless, the transactions warrant a thorough examination, particularly from a regulatory standpoint.

To conclude, the hints of Jane Street’s possible involvement in Terra Depeg’s collapse have opened up a whole new avenue of investigations in the blockchain sphere. Blockchain transactions have gained prominence in recent times, and the appearance of new players and the potential for sophisticated manipulation highlights the need for proper oversight and regulation. While this instance of possible wrongdoing is concerning, it underscores the potential for blockchain to empower greater transparency and accountability in financial systems, ultimately benefiting the end consumer.

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