๐จTrading jumps under fire ๐จ
The bankruptcy director of Terraform Labs has filed a lawsuit for $4 billion against Jump Trading.
Jump Trading is one of the largest global market makers, providing liquidity across traditional and digital markets.
What is being claimed
โข Secret agreements with Terraform Labs
โข Jump helped stabilize the UST peg in 2021
โข This created a false sense of stability
โข Afterwards, Jump sold $LUNA for huge profits
โข Billions were extracted while risks remained hidden
Why is this important?
- This case shifts blame away from the founders.
- Market makers are now under scrutiny.
If proven, this could change how liquidity providers operate in digital currencies.๐
