The liquidator of Terraform Labs, represented by Do Kwon, has officially filed a lawsuit against Jump Trading, alleging that this company not only benefited from the Terra ecosystem but also played a role in the collapse of the entire project $LUNA
According to the content of the lawsuit, Terraform alleges that Jump Trading has profited greatly from transactions and mechanisms surrounding UST/LUNA, while also engaging in behaviors that they claim distorted the market, creating a false sense of stability before the system collapsed. In other words, it is not just about 'sitting back and making money,' but Jump is accused of being a part of the chain of events leading to the disaster.
This is a notable move, as Jump Trading is one of the largest market makers in crypto, often behind providing liquidity for many major projects. If this lawsuit goes far, it could reopen the entire Terra story from a new perspective: not just the design flaws of a project, but also related to how large organizations participate in and exploit the system $LUNC
For those of you who have been following the market for many years, the Terra case has never really 'closed'. And this legal move shows that the settlement of responsibilities between the founder and large organizations may still be drawn out, even setting a precedent for similar lawsuits in the future of crypto.
