Jane Street filed a motion with the court to dismiss the insider trading lawsuit related to the Terraform crash.

CoinFeed reported on April 24 that, according to Bloomberg, quantitative trading firm Jane Street Group has filed for the dismissal of a lawsuit against it, which accuses it of using insider information to trade before the collapse of Terraform Labs' related cryptocurrencies. Jane Street denies the insider trading and market manipulation allegations, stating that the lawsuit aims to "squeeze cash from Jane Street to pay for fraud committed by Terraform itself." Jane Street argues that the plaintiffs have failed to prove that the company possessed insider information or traded accordingly, and that many of the cited trades were based on volatile "public market signals" from Terra.