Security

Terraform Labs' bankruptcy administrator seeks $4 billion from Jump Trading, alleging the firm profited $1.28 billion from secret LUNA deals that accelerated the 2022 crash.

Terraform Labs' estate seeks $4 billion from Jump Trading, alleging the firm made $1.28 billion profit buying LUNA at $0.40 through secret peg-defense deals.

Terraform Labs' bankruptcy administrator alleges Jump Trading made $1.28 billion by secretly propping up the UST peg in 2021, misleading investors about the algorithm's stability.