Terraform Labs’ bankruptcy administrator, Todd Snyder, files a $4 billion lawsuit against Jump Trading and executives for their alleged role in the 2022 Terra crash, causing $50 billion in losses. Jump Trading denies the accusations of manipulation. The lawsuit claims secret agreements were made to maintain TerraUSD’s peg to the US dollar.

This is not Jump Trading’s first lawsuit over Terra. A previous lawsuit alleged manipulation of TerraUSD prices, leading to unjust enrichment. Jump Trading’s involvement with Terra attracted regulatory scrutiny, resulting in a $123 million settlement with the SEC. The ongoing legal battle continues to unfold as more details emerge.

Read more at Cointelegraph: Jump Trading Hit with $4B lawsuit Tied to Terra’s $50B Crash