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A $4 billion lawsuit has been lodged against Jump Trading by the court-appointed administrator overseeing Terraform Labs’ wind-down, accusing the high-frequency trading firm of propping up TerraUSD (UST) and amplifying the damage from one of crypto’s most infamous failures. The legal action comes in the wake of Terraform founder Do Kwon’s 15-year federal sentence for orchestrating a $40 billion fraud, reigniting questions about institutional actors’ roles behind the scenes. Allegations Center on Market Manipulation Amid TerraUSD’s Demise At the center of the complaint: detailed accusations that Jump Trading, along with co-founder William DiSomma and former crypto lead Kanav Kariya,
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