🚨 MASSIVE NEW LAWSUIT ROCKS TERRA COLLAPSE — JUMP TRADING ACCUSED OF MARKET MANIPULATION
A new filing from the Terraform bankruptcy estate is coming after Jump Trading and its executives, accusing them of fraud, manipulation, and secretly propping up UST before the 2022 crash.
Key allegations 👇
• Jump got ultra-cheap $LUNA deals (as low as $0.40 while it traded at $40–$116).
• Covert intervention to restore $USTC ’s peg in 2021, misleading the market.
• Influence over LFG, using reserves like BTC during the failed peg defense.
• Profiting while the Terra ecosystem collapsed, wiping out billions of investor funds.
The lawsuit cites major securities and commodities violations and seeks billions in damages for victims of the Terra/UST collapse.
Jump already paid $123M to the SEC in 2024 — but this case aims to push accountability even further.
The Terra saga isn’t over. It’s escalating. $LUNC
