Jump Trading Accused of Receiving $1 Billion in Unlawful Enrichment in Terraform Labs Deals
The Wall Street Journal (WSJ) reports, citing court documents, that market maker Jump Trading received $1 billion through its deals with Terraform Labs. According to the documents, the company purchased millions of UST tokens in 2021, hoping to manipulate their value. ...
Class Action Lawsuit Filed Against Jump Trading Over Terra-Luna Project
A class action lawsuit was filed against the brokerage firm Jump Trading allegedly "saved" UST when the asset lost its USD peg in 2021 For this, the company received almost free huge amounts of LUNA These tokens were sold when the rate went up, bringin ...