Un Podcast Sobre Bitcoin La firma que podía manipular bitcoin, expuesta
Feb 26, 2026
A deep dive into allegations that a major trading firm manipulated markets through timing and access to both options and spot venues. Discussion covers a specific India ruling, claims around the Terra collapse, and the mechanics linking options trades to rapid price moves. The piece also examines why secretive market makers unsettle bitcoin participants and how markets reacted after the accusations.
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Jane Street's Unusually Large Market Making Reach
- Jane Street is a dominant, secretive market maker handling huge ETF flow and advanced trading strategies.
- It trades hundreds of billions monthly, uses algorithms and client access, and may internalize trades across spot, options, and ETFs.
India Case Shows How Jane Street Exploits Market Frictions
- Alberto recounts Jane Street's Indian enforcement case where they were excluded and fined about $500M.
- The firm profited by exploiting disparities between options and cash, reportedly earning over $1B in 2023 from that tactic.
Accusation That Jane Street Used Inside Terra Information
- The Terra lawsuit alleges Jane Street used non-public, material information from a Terra employee to front-run liquidity withdrawals.
- A leaked chat named 'Bryce's Secret' and a timed UST withdrawal then swift UST sell orders are cited as the suspicious sequence.