Jump Trading Sued Over Do Kwon's Terra Labs Collapse

A $4 Billion Lawsuit Filed Against Jump Trading

Terraform Labs bankruptcy trustee Todd Snyder has filed a $4 billion lawsuit against Jump Trading, alleging that the company profited from a $40 billion collapse and contributed to this downfall.

The management of Terraform Labs experienced a significant market crash in 2022 when its stablecoin TerraUSD lost its dollar peg, leading to the obliteration of its sister token Luna.