Jane Street’s potential involvement in Terra depeg crisis

02/28/2023 13:34 • Crypto & Markets • 67 views

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:

Wintermute researcher Igor Igamberiev recently made a social media post claiming that the wallet related to last year’s Terra depeg crisis might belong to the trading company Jane Street. While this remains unconfirmed, transaction analysis reveals several intriguing details related to Jane Street’s involvement with related parties.

According to reports, Jane Street borrowed 25 million USDC from BlockTower via their licensed loan pool. What makes this transaction noteworthy is the timing. Within two weeks of the Terra depeg collapse, an address linked to the crisis received $15 million which was promptly repaid to the lender, along with an additional $10 million with no apparent purpose.

Furthermore, there are indications that Jane Street invested $150,000 in Tonicdex, a decentralized exchange based on the Solana blockchain. This investment further suggests that the trading company was following events related to Terra closely and looking for alternative investment opportunities.

The most intriguing aspect of Jane Street’s involvement with the Terra depeg crisis is the fact that they borrowed $25 million again after the initial $25 million transaction with BlockTower. However, this time they transferred the funds to an interesting Coinbase wallet.

It is yet unclear what Jane Street’s intentions were when borrowing the $25 million again, and why they chose to transfer it to a Coinbase wallet. The securing of funds in such a wallet could suggest several possibilities, including a desire to shelter the funds from other creditors, or perhaps to benefit from favorable market conditions.

Overall, it is clear that there are several unusual elements to Jane Street’s involvement with the Terra depeg crisis. While this is not conclusive evidence of the company’s involvement, it establishes a possible connection that could be further explored.

In conclusion, the possible involvement of Jane Street in the Terra depeg crisis reveals interesting insights into the workings of the financial world. The details surrounding Jane Street’s transaction with BlockTower and their investment in Tonicdex may offer clues about their involvement in this high-profile event, and suggest a possible motive for borrowing $25 million again and depositing it in a Coinbase wallet.

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