US Prosecutors Are Digging Into Group Chats on Terra Bailout
- Authorities looking at chats among Jane Street, Jump, Alameda
- TerraUSD stablecoin collapsed after no rescue emerged
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US prosecutors are scrutinizing chat-group conversations among prominent trading firms including Jump Trading Group and Jane Street Group about a potential bailout of the TerraUSD stablecoin project.
Manhattan federal prosecutors are looking into conversations on Telegram among employees at Jump, Jane Street and the now-bankrupt FTX affiliate Alameda Research last May, and whether possible market manipulation was involved, according to a person familiar with the matter who didn’t want to be identified discussing an ongoing examination.