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BTCC / BTCC Square / Global Cryptocurrency /
Terraform Labs Targets Jump Trading in $4 Billion Lawsuit Over 2022 Collapse

Terraform Labs Targets Jump Trading in $4 Billion Lawsuit Over 2022 Collapse

Author:
Global Cryptocurrency
Published:
2025-12-20 06:23:01
18
1
BTCCSquare news:

Terraform Labs’ bankruptcy administrator has filed a $4 billion lawsuit against Jump Trading, alleging market manipulation and self-dealing during the 2022 collapse of its stablecoin TerraUSD. The legal action seeks to recover losses for creditors while accusing Jump of exploiting the Terra ecosystem.

The implosion began when TerraUSD lost its dollar peg, erasing $40 billion in value and triggering a crypto industry contagion that contributed to FTX’s downfall. The lawsuit marks another chapter in the ongoing fallout from one of crypto’s most spectacular failures.

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