Jump is the target of a $4 billion lawsuit for profiting from the fall of Terra (LUNA)
Todd Snyder, the designated prosecutor by the Justice to conduct the closure of Terraform Labs, has filed a lawsuit against Jump Trading in a federal court in the United States. He accuses the company of having obtained illicit gains and of having played a significant role in the collapse of the Terra (LUNA) ecosystem.
The lawsuit was filed on Thursday in the Northern District of Illinois and seeks compensation of $4 billion from Jump Trading, its co-founder William DiSomma, and the former president of Jump Crypto, Kanav Kariya.