$4 Billion Lawsuit Claims Jump Trading Helped Engineer Terraform’s Collapse

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. Terraform Labs Estate Seeks $4 Billion From Jump Trading The complaint names Jump Trading, co-founder William DiSomma, and former head of its crypto division, Kanav Kariya source: https://beincrypto.com/jump-trading-terra-lawsuit/