Tomorrow could become one of the most important court dates since the Terra collapse. ⚡
If you know #LUNC and #USTC, it's time to learn about PYTH and Jump Trading.
Most people spent years watching Binance...
But what if we've been looking in the wrong direction?
Here's what we know:
• Jump Trading (Jump Crypto) was one of the largest market participants in the Terra ecosystem.
• Do Kwon was ordered to transfer his holdings of PYTH tokens to the Terraform bankruptcy estate.
• Multiple filings surrounding Jump remain under seal.
• Tomorrow (July 1), the court is scheduled to issue a ruling regarding motions involving confidential and redacted documents.
If additional information becomes public, the crypto industry may finally gain a clearer picture of events surrounding the Terra collapse.
The questions everyone should be asking are:
• What exactly is contained in the sealed or redacted documents?
• Why has Jump fought to keep portions of the record confidential?
• Will new evidence change the public timeline of the UST/LUNA collapse?
• What communications existed between Terraform Labs and Jump?
• How much influence did market makers have over $UST liquidity?
• Why were Do Kwon's PYTH holdings significant enough to be included in the bankruptcy estate?
• Did any parties receive preferential treatment before or during the depeg?
• Could these documents expose additional financial relationships that have never been publicly discussed?
• What role, if any, did other large firms like Jane Street play during the period surrounding the collapse? (Bryce's Secret)
• Will creditors finally receive answers that have been missing for more than four years?
Tomorrow isn't just another bankruptcy hearing.
It could determine whether some of crypto's biggest unanswered questions remain sealed or become public.
The entire industry should be watching.
#TerraClassic #LUNA #JUMPCRYPTO to
#PYTH $LUNC $USTC $PYTH