【Blockchain Rhythm】According to The Wall Street Journal, Jump Trading is once again embroiled in legal disputes due to its role in the 2022 Terraform Labs ecosystem collapse. The liquidation administrator of Terraform Labs has filed a lawsuit against Jump Trading and its executives William Disomma and Kanav Kariya, seeking damages of up to $4 billion.
The lawsuit alleges that Jump Trading profited billions of dollars from this ecological crisis. The case involves the major event in 2022 that shook the entire Web3 market—when the rapid collapse of the Terra ecosystem caused heavy losses for investors. Jump Trading’s role as a key participant has been under close scrutiny, and this substantial claim has put the well-known trading firm in the spotlight.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
22 Likes
Reward
22
7
Repost
Share
Comment
0/400
SigmaBrain
· 12-20 00:36
Jump Trading's actions are truly outrageous, blatantly profiting during a crisis. A $4 billion lawsuit is definitely warranted.
View OriginalReply0
MoneyBurner
· 12-19 03:06
$4 billion? If Jump really managed to extract a billion-level amount from the Terra collapse, their operation must be incredibly clever. I need to study the on-chain data carefully to see if I can reconstruct the scenario.
View OriginalReply0
LiquidationOracle
· 12-19 03:02
Haha, Jump Trading is really incredible. They made a fortune during the crisis and now they've been caught by the liquidators.
That Terra incident was indeed outrageous; so many people lost everything, yet they are still counting their money.
How much of the 4 billion claim can actually be recovered is a question... Cases like this are never easy to win.
Jump Trading's move is truly a textbook example of how to harvest the leeks.
Honestly, who wasn't exploited during 2022? But the fact that an institution of this size can still be tricked says something.
View OriginalReply0
Blockchainiac
· 12-19 03:01
Jump has been nailed this time; a $4 billion claim might really wipe them out completely.
View OriginalReply0
CryptoNomics
· 12-19 03:01
ngl if you actually ran the correlation analysis on Jump's market positions pre-collapse vs the liquidation cascade timeline, the statistical significance becomes... *chef's kiss* problematic for them. the data literally does not lie here.
Reply0
YieldChaser
· 12-19 02:57
Damn, Jump has been exposed again? It was pretty shady back then, earning billions like that...
Jump Trading accused of profiting billions from the Terra collapse, manager claims $4 billion in damages
【Blockchain Rhythm】According to The Wall Street Journal, Jump Trading is once again embroiled in legal disputes due to its role in the 2022 Terraform Labs ecosystem collapse. The liquidation administrator of Terraform Labs has filed a lawsuit against Jump Trading and its executives William Disomma and Kanav Kariya, seeking damages of up to $4 billion.
The lawsuit alleges that Jump Trading profited billions of dollars from this ecological crisis. The case involves the major event in 2022 that shook the entire Web3 market—when the rapid collapse of the Terra ecosystem caused heavy losses for investors. Jump Trading’s role as a key participant has been under close scrutiny, and this substantial claim has put the well-known trading firm in the spotlight.