Gemini said Inside the Terra-Luna Collapse: Did Jane Street Have a 10-Minute Head Start?

The Multi-Billion Dollar Scam Nobody's Talking About

Fraud is being exposed everywhere right now. Billions gone.

But they're missing the big one...

A legal scam that affects 95% of ALL Americans.

Oxford Club's own Marc Lichtenfeld hit the streets of South Florida to expose it in broad daylight.

Watch along as he captures real people's reactions LIVE on camera.

Click Here to Watch What Happens

In nearly 30 years of investing, I’ve learned that Wall Street rarely plays fair. The $40 billion collapse of Terra-Luna wasn't just a failure of code. It was a battlefield where smart money may have used a 10-minute head start to leave everyone else holding the bag.

As a retired Army officer, I know a compromised supply line when I see one. Right now, Jane Street, one of the world’s most powerful high-frequency trading firms, is in the crosshairs of a lawsuit that is shaking the foundations of institutional trust in crypto.

Here’s a straightforward breakdown of why Jane Street is dominating the headlines over the past two weeks.

The bankruptcy administrator for Terraform Labs just filed a lawsuit in Manhattan federal court with a damning allegation: Jane Street didn't just see the collapse coming; they may have had an inside track.

According to court filings, on May 7, 2022, Terraform pulled $150 million in liquidity from a pool to prepare for a planned move. Within 10 minutes, a wallet allegedly linked to Jane Street dumped $85 million in UST into that thinned-out pool.

The suit claims Jane Street utilized a back-channel via a former intern-turned-employee to monitor Terraform’s moves. While retail investors were being told to "steady lads" and hold the line, the smart money was already sprinting for the exit.

For months, cryptocurrency traders have complained about a mysterious 10 AM sell program that seemed to crush Bitcoin prices every morning like clockwork. The pattern was so consistent it even became a meme and a source of immense frustration for those trying to build momentum.

Social media and market analysts have buzzed with theories that Jane Street’s proprietary algorithms were behind this daily suppression, allegedly using their position as an ETF Authorized Participant to lean on the market.

The Evidence. On December 1, 2025, Bitcoin saw 12% of its value wiped out in a matter of hours, starting almost exactly at 10 AM Eastern. This slam repeated throughout December and into early 2026, leading many to believe that institutional desks were systematically triggering liquidations to buy back cheaper.

The Correlation

Since the lawsuit became public in late February, the so-called “10 AM selling pressure” has suddenly vanished. For the first time in weeks, Bitcoin caught a breather, surging back toward the $67,000–$70,000 range. Whether it’s causation or correlation, the market is voting with its capital.

Wall Street firms always claim they are providing liquidity to keep markets efficient. This lawsuit suggests the opposite: they may be extracting liquidity at the first sign of smoke, using information the public simply doesn't have access to.

In my three decades of managing risk, I’ve seen this movie before:

Fiat is rigged by policy and inflation. Now, we're seeing that institutional crypto can be rigged by high-frequency algorithms and insider "secret chats."

Bitcoin was built to be a transparent ledger where nobody gets a 10-minute head start. If these allegations are true, that a firm used stolen intel to front-run the collapse of a $40 billion ecosystem, it only reinforces why we need decentralized systems that rely on Math, not Trust.

Keep your head on a swivel. In this market, the smart money isn't always the honest money.

Maybe now we’ll see higher gains for Bitcoin.