Home
News
Details

Terraform Administrator Files $4B Lawsuit Against Jump Trading

iconDL News
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
The Terraform administrator has sued Jump Trading for $4 billion, alleging market manipulation and fraud. The lawsuit claims Jump contributed to the 2022 Terra collapse, which erased $40 billion in value. A secret deal between Do Kwon and Jump to stabilize UST is at the center of the case. Jump calls the claims baseless. Recent trading volume in crypto markets has been volatile, with the fear and greed index reflecting heightened uncertainty among investors.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.