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Terraform Labs' Legal Woes: Insider Trading Lawsuit Filed

2/24/2026

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Summary

Story summary

In 2024, police escorted Do Kwon, founder of Terraform Labs, in Podgorica, Montenegro.
Todd Snyder, the administrator winding down Terraform Labs, sued Jane Street, alleging insider trading by the firm, and he seeks damages from Jane Street, Robert Granieri, co-founder of Jane Street, and Jane Street employees Bryce Pratt and Michael Huang.
The suit highlights ongoing legal challenges tied to the crypto industry's turmoil.

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Story summary

In 2024, police escorted Do Kwon, founder of Terraform Labs, in Podgorica, Montenegro.
Todd Snyder, the administrator winding down Terraform Labs, sued Jane Street, alleging insider trading by the firm, and he seeks damages from Jane Street, Robert Granieri, co-founder of Jane Street, and Jane Street employees Bryce Pratt and Michael Huang.
The suit highlights ongoing legal challenges tied to the crypto industry's turmoil.