Chapter 11 bankrupt crypto firm sues Jump Trading

The bankruptcy administrator of Terraform Labs has sued the popular proprietary trading firm, Jump Trading, for allegedly profiting from and contributing to the crypto company's collapse in 2022, the Wall Street Journal reported on Dec. 18. Launched in 2018, Terraform Labs was one of the leading crypto companies a few years ago. But the project's twin cryptocurrencies, TerraUSD (UST) and LUNA, collapsed in 2022 and even led to investor losses worth an estimated $40 billion. Related: 15-year jail sentenc ...