The bankruptcy administrator for Terraform Labs has filed a lawsuit against quantitative trading firm Jane Street, alleging it used non-public information to profit during the 2022 collapse of the Terra ecosystem, The Wall Street Journal has reported.

According to the report, the lawsuit claims Jane Street had advance knowledge of Terraform’s internal liquidity decisions as TerraUSD began losing its dollar peg in May 2022 and structured trades around those moves.

“Jane Street abused market relationships to rig the market in its favor during one of the most consequential events in crypto history,” Todd Snyder, the…