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Jump Trading slams $4bn Terraform lawsuit as attempt to ‘pass the buck’
Yahoo Finance· 2026-03-24 22:38
A leading firm in the secretive world of high-speed trading hit back on Monday after it was accused of defrauding investors by Todd Snyder, the man charged with leading Terraform Labs through bankruptcy. In a December lawsuit, Snyder accused Chicago-based Jump Trading, several of its subsidiaries, and two of its executives of market manipulation, defrauding investors, self-dealing, and more. Now, Jump says the lawsuit is a “transparent attempt” to dodge a $4.4 billion fine levied by the Securities and E ...