Terraform Labs Files $4 Billion Claim Against Jump Trading Over Terra Collapse

TLDR Jump Trading faces a $4 billion lawsuit from Terraform Labs’ bankruptcy administrator over the 2022 Terra ecosystem collapse The suit alleges Jump made secret deals starting in 2019 to buy Luna tokens at heavily discounted prices Jump Trading allegedly propped up TerraUSD in May 2021 but publicly claimed the algorithmic system worked on its [...]

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