🚨Manipulations CRYPTO MASSIVES - La vérité éclate enfin...

On February 23, 2026, a massive $4 billion lawsuit was filed in Manhattan federal court against a firm that remains largely unknown to the general public: Jane Street. Despite having no CEO, no public interviews, and no press conferences, this quantitative high-frequency trading firm is a financial titan. With 3,000 employees across New York, London, Singapore, and Hong Kong, Jane Street generated $24 billion in net revenue during the first nine months of 2025—surpassing the earnings of major institutions like Citigroup and Bank of America. While it operates in the shadows, recent accusations regarding the collapse of Terra Luna in 2022, market manipulation in India in 2025, and current theories regarding its impact on the Bitcoin market have brought the firm into the spotlight. The investigation into Jane Street’s activities begins with the catastrophic collapse of the Terra ecosystem in May 2022, which wiped out $40 billion in value. While the world watched the spiral of Celsius and FTX, a specific ten-minute window on May 7, 2022, tells a more targeted story. Just ten minutes after Terraform Labs quietly withdrew $150 million from a liquidity pool, a wallet linked to Jane Street withdrew $85 million—the largest single transaction in that pool's history. This triggered the UST de-pegging and the subsequent market liquidation. A lawsuit filed by Terraform’s bankruptcy administrator, Todd Snyder, alleges this was no coincidence. The complaint points to Bryce Pratt, a Jane Street employee and former Terraform intern, who allegedly maintained a private chat group called "Bryce's Secret." The suit claims Jane Street used exclusive insider information to execute trades that would have been impossible for an outsider. While Jane Street dismisses these claims as opportunistic, the incident established a narrative of the firm as a "predator" in the crypto space. The second major case involves the Indian market. On July 3, 2025, the Securities and Exchange Board of India (SEBI) banned Jane Street from its markets and froze $567 million in illicit gains. SEBI documented a recurring pattern of manipulation involving the Bank Nifty index options between 2023 and 2025. Jane Street’s algorithms would aggressively buy the underlying stocks in the morning to pump the index by over 1%, while simultaneously taking massive short positions on derivatives. In the afternoon, they would dump the stocks, causing the index to fall and their options to expire profitably. On one specific day in January 2024, they spent $550 million on stocks only to sell them for $670 million later, losing money on the stocks themselves but netting $89 million in profit from the options. SEBI concluded that Jane Street was not a "trustworthy actor," noting that the firm continued these practices even after receiving explicit warnings from the National Stock Exchange of India. The most recent and perhaps most impactful accusations involve Bitcoin. Since November 2025, a systematic and predictable "dump" has occurred at exactly 10:00 AM New York time, coinciding with the opening of the U.S. stock markets. This pattern has repeatedly liquidated hundreds of millions of dollars in long positions. Analysts point to Jane Street because of its role as one of only four "Authorized Participants" (APs) for BlackRock’s Bitcoin ETF (IBIT). As an AP, Jane Street has the unique ability to create and redeem ETF shares by exchanging Bitcoin directly, bypassing fiat currency. While public filings show Jane Street holding nearly $2.5 billion in ETF shares, the transcript suggests this is only half the story. Standard 13F filings do not require the disclosure of sold options, short positions on futures, or swaps. Consequently, Jane Street may appear to be a massive Bitcoin bull on paper while actually holding a "net short" position through derivatives. They essentially profit from market volatility regardless of direction. Interestingly, the morning after the $4 billion lawsuit was filed in February 2026, the systematic 10:00 AM Bitcoin dump suddenly ceased, and the price surged by 6.5%, fueling theories that the firm adjusted its algorithms in response to legal pressure. Ultimately, the story of Jane Street highlights a profound shift in the crypto landscape. While the approval of Bitcoin ETFs in 2024 was celebrated as a milestone for institutional adoption, it also introduced a concentrated power structure. By placing the "pipeline" of Bitcoin liquidity in the hands of a few elite firms like Jane Street, the decentralized vision of Satoshi Nakamoto has been challenged. These institutions have effectively rebuilt the traditional financial intermediaries that Bitcoin was designed to replace, using sophisticated algorithms and privileged access to dominate the market. Whether this institutional era is a victory for the network or a betrayal of its core principles remains a critical question for investors.