Transcription
Hey, what's going on guys? We've got some breaking news to go through here on the channel. But before we do, before we go any further, can I ask that you like, you subscribe, and you drop a comment on the way out? Those are going to help this channel grow. It's going to help me produce more content in the future, and it's going to help other people find this well-informed LUNZ content that we provide here on the channel.
Now, what we've got is this headline that's pushing out absolutely everywhere. This is really what people get captivated by. This is what they really get drawn towards. And again, a load of people get round their tables each and every day before we are all out of bed and they decide what are going to be the talking points for the cryptocurrency community throughout the course of today. And it seems that terror suing Jane Street for alleged insider trading leading to the collapse of US and Luna is the going rate at the moment. This is what everybody is talking about and this was actually done on February 23rd of this year, obviously.
And the court-appointed administrator for Terraform Labs bankruptcy estate, which is Todd Snder, he filed a lawsuit in Manhattan's federal court against the quantitative trading firm Jane Street Group LLC. This is an 83-page redacted complaint and it's alleging that Jane Street used material non-public information to profit from and accelerate the $40 billion collapse of the terror ecosystem in May 2022. And there are some key allegations here, which are insider access, front-running, liquidity moves that were made by TfL, deceptive trading. They're naming defendants, what the estate's goal is, Jane Street's responses in there, and some related actions which are following up similar to that $4 billion lawsuit that TfL and Ducoin have just gone through, uh, themselves. This isn't all being done in Delaware, which is very interesting. This is being done in the Southern District of New York and updates are going to be on a docket. I'll leave a links to that in the description. There aren't any free dockets available yet. You will have to pay for any information that you want, but if you give it 24 hours, like I always do, people pay for the dockets and then they get uploaded for free anyway. In the meantime, we can give you absolutely all of the information that you're going to need about this headlining piece of news.
Now, it's key to understand, like I said, who is really pushing the narratives, who's really getting this news and really packaging it up to be pushed out. And it's people like Wall Street Journals. And like I said, these are going to be people that get around the table each and every day and they are going to decide what we're going to be seeing throughout the course of today. We need to also understand that, oh, look, you have to pay to actually go in and read these articles. And every other article will reference this article specifically. They have likely already paid for the docket and they're not going to be uploading it, but they are going to be giving you a special 80% off offer if you subscribe now to read this article. So, I have to stress this. Although it looks like something that we ourselves as a community have suddenly drummed up or terrorists suddenly fighting back, it is all misconstrued information. And again, this all comes from people like Wall Street Journals who are wanting you to buy a subscription to their media empire. This is all again a profit situation for people like this. And again, they're just harnessing a headline and they're twisting it. They're distorting it to really give people false hope because this isn't terror themselves actually going and accusing Drain Street and taking them to court in New York. This is the administrator, Todd Snyder. This isn't Chris Armani. This isn't Ducoan. It isn't actually even TFL. It is the administrator. And this guy's job, Todd Snider's job, is to get the absolute most he can out of everybody that was involved that had a part to play in this. Again, this is all about profit for Todd Snder and him getting the most that he can from the case that he's handling. Because yes, there are bonuses, there are payouts, there's all of these different things. It's all cause and effect at this point.
What I find very interesting is the anatomy of the run, which is essentially a breakdown of what happened during the crash from a certain point of view, which is MIT Sloan. They do mention Jane Street specifically and that they had a role to play in this. So, I find it very interesting. Like I said, everything at the moment is behind a paywall, but I can leave you a link to the actual pacer monitor. And once these, uh, are purchased by other people, they normally do upload them. It's quite quick. You can even grab a free trial and you can have some free documents if you really want, uh, to get ahead of the curve. Again, I'll leave links to this in the description for you guys. What I did was because I do not find this to be of any benefit to our blockchain whatsoever. We're not going to be getting any of this money. If there is money to be getting, the only thing that we're going to have to deal with is the negative impact that these news articles are going to bring. And hey, looking at the more beneficial and pros side of this, thinking to ourselves, what benefits could it bring? What rewards might it bring? So again, I don't see any direct benefit from this. What I see is Wall Street Journal who have started this nonsense. They have grabbed an article from Pacer Monitor. They've seen this headline and they've picked up on it. They know that we are essentially going to carry the word of this article throughout the next few days, which is essentially going to drive every single news article that's written about it to reference the Wall Street Journal article, where people are likely going to go and they're going to sign up so they can read an article. That really means absolutely nothing for us in the LUNC community or on the LUN chain. So, it's not pro quo for anybody. This isn't a beneficial situation.
When I explored Google Trends today, that takes us back to, you've guessed it, literally this morning is the first time that these words are ever put together anywhere on the web, period. There is no interest over time. We're searching worldwide for the past year and we're looking everywhere and it does not happen until this morning. And suddenly, oh, the first article that comes up, you've guessed it guys, it's Wool Street Journal. This article specifically that is referenced in the 100 sources shown on Google Trends over the course of this morning leading up to now. So, you'd have to be very careful. I can see a lot of validators jumping on this like, oh, you know, this is going to be great for WNC. Uh, everybody's going to come rushing back and and things are going to be great. No, we just lost Strafe Cole. We're losing more and more key people and I don't think it's going to hit people until it's too late until you know honest going people like Strath myself we're just gone we won't exist anymore and people like what happened to them and it's like we did not get the support we were supposed to get. People will instead support validators that will go out and tout nonsensical headlines about terror accusing Jane Street of insider trading and them trying to warp and manipulate it. TfL are never ever ever ever ever coming back and Chris Armani made that quite clear.
But there's two parts to the final judgment. There's this letter that when attached to the final judgment and then the docket itself being one of the exhibits that really goes through the ins and outs of the final judgment, what specifically, uh, is judged and agreed in the state of Delaware. But this is speaking about permanent injunctions that are warranted to protect the investing public from additional violations of the federal securities laws by these defendants who engaged in a massive fraud involving unregistered offers and sales of securities. On top of this document, right, like I said, there are many instances where it is hereby ordered a judge and decree that the defendants are permanently restrained and enjoined from violating directly or indirectly section 10B of the Exchange Act. They go over all of the ins and outs as to removing TfL, shutting TfL down, removing Duke. Chris Armani came in as a bankruptcy CEO and that's it. He got paid a wage to handle the bankruptcy proceedings and that's exactly what he did. He's not coming back. Terara's not coming back. Duke's not coming back. And this isn't terror making these allegations and pushing these new court documents. It is the plan administrator. It is a guy whose job it is to get as much money as he can for the people that got wrecked, for the people that need to be made whole again. So, I have to stress this for everybody. Be very careful what you listen to and where you get your news from. Because honestly, if we continue walking down this path that we're going on where we would rather captivate towards a title, an article that is nothing, it means nothing. Even if it meant something, it still means nothing to us. It doesn't fix the situation that we're in. It doesn't reverse the downtrend that we're going through. There are not enough people currently speaking openly and honestly. Instead, we've got these groups and these control committees that are coming up now. And isn't it funny that now Straf's gone, oh, they're going to try push a control committee on us? Are they? Very interesting.
But yeah, I wanted to give you guys a honest update with some articles, some references, some news and things that we've gone over over the course of time, let alone right what is being said in these final judgments and all of these other documents. We know here on the channel because we were in the X space with TFL with Chris Armani when Chris Armani said if anybody right wants to continue the work that TfL continued they could do it but they would be taking on the weight of the multi-billion dollar court case that is still waiting and pending back in DK's home country. Once Ducoin has served his 25 years in the United States, he is going to be extradited back to his home country where he's got to go through that whole process again. Anybody that takes control of TfL of Terraform Labs is going to be liable and responsible for all of that. So, do you really think that there's somebody that's suddenly behind TFL? No. Listen to the evidence. Go out and inform yourselves and stop listening to nonsense that's pushed by Wall Street Journals. and then drip fed down until your validators that you're delegating with are like, "Oh, you know, this is great for LUNC." Get a brain at this point. Like, literally, get a brain.
But yeah, that's all I've got for you for now. Catch X one.