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Terraform Labs Liquidator Sues Jump Trading for $4 Billion

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A Terraform Labs liquidator has sued Jump Trading and executives for $4 billion, alleging they manipulated TerraUSD in 2022, worsening the collapse. The case involves liquidity and crypto markets, with claims of artificial price inflation. SEC documents show Jump’s Themis unit bought TerraUSD in 2021 for Luna tokens. Jump called the lawsuit a "desperate move" to shift blame. The firm is also linked to Countering the Financing of Terrorism efforts in past regulatory filings.
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