Summary
- Global trading firm Jane Street said it has removed all posts from its official X account after allegations emerged that it distorted market prices.
- The move was made after controversy spread over claims that it influenced price formation while providing liquidity in digital assets and derivatives markets, including Terra and Luna.
- Jane Street was described as an influential market maker across traditional finance as well as crypto derivatives and spot markets, with particular clout in OTC (over-the-counter) trading with major exchanges and institutions.
Global trading firm Jane Street has deleted all posts from its official X account following a flare-up of allegations over market manipulation.
On the 25th, it was confirmed that Jane Street removed all previously posted content on X shortly after suspicions surfaced that its recent trading strategies may have distorted market prices. The account currently shows no past posts.
The move came after controversy spread over claims that Jane Street influenced price formation while providing liquidity in digital assets and derivatives markets, including Terra and Luna. No specific illegal activity has been confirmed, but the allegations quickly circulated among online communities and traders.
Jane Street is a global market maker that supplies large-scale liquidity in traditional financial markets, and in recent years has also actively participated in crypto derivatives and spot markets. It is seen as particularly influential in OTC trading with major exchanges and institutions.
YM Lee
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