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$4 Billion Lawsuit Claims Jump Trading Helped Engineer Terraform’s Collapse
Yahoo Finance· 2025-12-19 07:02
Court Filings Detail Secret UST Support During De-Peg Events. Photo by BeInCrypto The administrator overseeing the wind-down of Terraform Labs has filed a $4 billion lawsuit against high-frequency trading firm Jump Trading. They accuse the market maker of secretly manipulating prices and contributing to the collapse of Do Kwon’s once-dominant crypto ecosystem. It comes barely a week after the judge issued Do Kwon his sentence, a 15-year term in federal prison for orchestrating a $40 billion crypto fraud. ...