In addition to the Terraform lawsuit, Jane Street was accused of market manipulation by India last year.

BlockBeats News, February 26, according to public information, in July 2025, the Securities and Exchange Board of India (SEBI) issued a temporary injunction against Jane Street Group, accusing it of manipulating Indian indices (such as the Bank Nifty Index) through high-frequency trading strategies.

SEBI alleges that on derivatives expiry days, Jane Street pushed up the index by buying underlying stocks and futures in the spot market, then profited from options (causing small investors to trade at unfavorable prices). SEBI has frozen assets worth approximately 4.843 billion rupees (about 565 million USD) and banned Jane Street from trading in the Indian securities market.

Recently, allegations of market manipulation by Jane Street have been frequently exposed. The court-appointed bankruptcy administrator of Terraform Labs has filed a lawsuit against Jane Street in a New York federal court, accusing it of engaging in front-running trades and profiting during the Terra collapse by using non-public insider information provided by Terra insiders.

Additionally, members of the crypto community have accused Jane Street of manipulating the markets for Bitcoin ETF and Silver ETF by taking advantage of its market-making role in these two assets.