Terraform Labs Administrator Sues Jump Trading for $4B Over Terra Collapse

Bitcoin.com

Release Time:12/21/2025 22:45:41

The court-appointed administrator of Terraform Labs has sued Jump Trading, William DiSomma, and Kanav Kariya for $4 billion, alleging market manipulation during the 2022 collapse of UST and LUNA. Filed on Dec. 19, 2025, in the U.S. District Court for the Northern District of Illinois, the lawsuit claims Jump Trading used undisclosed agreements to stabilize UST before profiting from discounted tokens. Jump Trading denied the claims, calling the case a distraction from Terraform founder Do Kwon. The fear and greed index remains volatile as trading volume in stablecoins and altcoins shows signs of shifting risk appetite.

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