🚨 BREAKING — TERRAFORM LABS ESTATE SUES JUMP TRADING FOR $4B
The bankruptcy estate of Terraform Labs has filed a $4 billion lawsuit against Jump Trading and two of its executives in U.S. federal court in Illinois.
What’s alleged
According to the complaint, Jump Trading:
Entered undisclosed agreements to buy large amounts of UST and LUNA at steep discounts
Secretly intervened to help temporarily stabilize UST’s peg
Artificially boosted market confidence in the Terra ecosystem ahead of its collapse
The lawsuit claims these actions masked underlying weakness, encouraging investors to stay exposed — before the protocol ultimately failed.
The profit angle
The estate alleges Jump later:
Sold tokens at significantly higher prices
Profited by roughly $1 billion, while retail investors suffered massive losses during the UST–LUNA crash
Why this matters
If proven, the case could:
Expose the behind-the-scenes role of major trading firms in one of crypto’s largest collapses
Reignite scrutiny around market manipulation, disclosure, and insider advantages
Set important legal precedents for future crypto bankruptcies
Jump Trading has not yet publicly responded.
This case could reopen some of the darkest chapters of the 2022 crypto meltdown — with major implications for the industry.
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