Jane Street, Jump Face US Probe Over Terra Bailout Group Chats

US prosecutors are scrutinizing chat-group conversations among prominent trading firms including Jump Trading Group and Jane Street Group about a potential bailout of the TerraUSD stablecoin project.

Manhattan federal prosecutors are looking into conversations on Telegram among employees at Jump, Jane Street and the now-bankrupt FTX affiliate Alameda Research last May, and whether possible market manipulation was involved, according to a person familiar with the matter who didn’t want to be identified discussing an ongoing examination.

No one has been accused of wrongdoing as part of the scrutiny of the chats, and inquiries don’t necessarily mean that charges will be ...