Jane Street Accused of Insider Trading Related to Terraform Collapse

Is good governance coming? South Korea is cracking down on community-driven stock and crypto trading by mandating financial influencers to disclose their assets!

South Korea plans to amend the law to require financial influencers to disclose their holdings and compensation. Violators will face heavy penalties, aiming to increase market transparency and prevent manipulation. The bill mandates influencers to honestly disclose their financial motives and will strengthen AI monitoring systems to track violations, reflecting the global trend of enhanced and unified regulation of financial influence.

The Supreme Court cracks down on crypto money laundering, Chinese criminal networks transfer $44 million daily

The Supreme People's Court of China will focus on cracking down on crimes involving the use of virtual currencies and underground banks for money laundering. According to reports, Chinese money laundering networks transfer approximately $44 million daily through cryptocurrencies. Stablecoins are favored due to their low volatility, and criminals continue to evolve in cross-border activities, posing challenges for law enforcement agencies.

LUNA crash before hitting zero? Terraform accuses market maker Jane Street of insider trading

The liquidator of Terraform Labs has sued Jane Street for insider trading, accusing it of using inside information to accelerate the Terra collapse, and alleging that its members obtained key intelligence through private channels. Jane Street denies the allegations, claiming that the Terra crash was caused by management fraud. This case has attracted widespread attention and could have a profound impact on the crypto market.

Supreme Court: The next step will focus on cracking down on crimes related to the use of virtual currencies, underground banks, and "money laundering" activities.

PANews February 26 News, Wang Bin, the Chief of the Criminal Third Division of the Supreme People's Court, stated at the press conference on "The People's Court's Lawful Crackdown on Telecom and Online Fraud, and Property Crimes" held by the Supreme Court on February 26 that moving forward, the focus of the courts will be on cracking down on key members of criminal groups, core members, the "moneybags" behind telecom fraud, "snakeheads" organizing illegal crossings, organizations providing armed protection for cross-border telecom fraud crimes, as well as violent crimes such as intentional homicide, intentional injury, kidnapping during telecom fraud cases, and related crimes involving virtual currencies and underground banks for "money laundering."

Crypto Millions Finance Sale of Stolen US Trade Secrets, Treasury Says

The Treasury Department sanctioned a Russian exploit broker network accused of trafficking stolen U.S. trade secrets and government cyber tools for cryptocurrency, marking the first use of a key intellectual property law to counter escalating national security threats. Treasury Sanctions

The Chen Zhi case and the Zhao Changpeng case: The United States profits nearly $20 billion from them

Author: Yuan Hong, Global Times On February 26, the China National Computer Virus Emergency Response Center and other departments jointly released the latest report showcasing how the United States leverages technological dominance to harvest global virtual currency assets. According to incomplete statistics, from 2022 to 2025, the U.S. has confiscated over $30 billion worth of global virtual currency assets through various cases, with the Chen Zhi case alone accounting for $15 billion, or 50% of the total. On the 26th, the China National Computer Virus Emergency Response Center, the National Engineering Laboratory for Computer Virus Prevention and Control Technology, as well as 360 Digital Security Group and Ant Technology Group Co., Ltd., jointly published "The 'Number One Player'—An In-Depth Analysis of the U.S. Technological Hegemony and Global Virtual Currency Asset Harvesting Operations." The report, combining typical cases such as the Chen Zhi case and Zhao Changpeng case, explores the background of blockchain technology and security risks, systematically analyzing how the U.S. exploits technological dominance to harvest global assets.