Back then, the TerraForm collapse actually had a more complex background. The news that Jane Street is facing allegations of insider trading has only recently come to light, but it’s been suggested that it may have accelerated the sharp drop in 2022.

The crypto market has long been criticized for transparency issues, but when major players are involved, the story is different, isn’t it? There are suspicions that, from their position of having insider information, they may have made moves that influenced the market.

According to a CoinDesk report, a fairly rigorous investigation is reportedly underway into this matter. From a journalism standpoint as well, such suspicions must be properly examined and verified. That’s also necessary to restore trust in the crypto industry.

For investors related to TerraForm, this isn’t just about a market decline—there’s now the possibility that there may have been intentional manipulation. If the insider trading is confirmed to be true, regulators will likely respond very strictly.

Looking at cases like this, you can really feel that the crypto market is still in the process of maturing. If even major players can come under such suspicions, then as an individual investor, you need to improve your information literacy even more.