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Terraform Seeks $4B From Jump Trading in New Lawsuit

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A court-appointed administrator has sued Jump Trading, seeking $4 billion in damages over its alleged role in the Terraform collapse. The complaint claims Jump manipulated the market by propping up TerraUSD before pulling support, hurting investors. The firm is also accused of earning nearly $1 billion from Terra-related tokens. Jump Trading denies the claims, calling the lawsuit a distraction from Terraform Labs and Do Kwon, who recently received a 15-year prison sentence for fraud. Altcoins to watch may see shifts as trading volume reacts to ongoing legal developments.
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