Jump Trading, now facing a lawsuit so big it could make a whale blush, is accused of playing puppeteer with Terra’s ecosystem, then cashing checks while investors cried “LUNA-why me?!” 💩
As reported by the esteemed Wall Street Journal and Bloomberg (because who trusts anyone else? 🤷♂️), the court-appointed administrator-probably still sipping on a fancy coffee ☕-filed the case in 2025 against Jump Trading, William DiSomma, and Kanav Kariya. The suit claims they “accidentally” stabilized UST with secret handshakes, then sold off LUNA like it was Black Friday at the crypto mall 🛍️, leaving investors high and dry. Jump says, “Not us! Blame Do Kwon-he’s busy in prison now! 🏁”
According to the complaint, Jump allegedly got “steep discounts” on LUNA tokens (because crypto is just a discount store for the wealthy! 💸) and helped UST’s peg during “stress events,” which were apparently just a normal Tuesday in 2022. When UST finally crashed, triggering LUNA’s “I’m not a stablecoin anymore” meltdown 🌪️, Jump allegedly pulled off trades so sneaky, even Batman would’ve missed them. Jump’s response? “We’re innocent! This is a witch hunt! Also, happy birthday to me! 🎉”
FAQ ❓
- What’s the drama? 🎭
It’s basically a soap opera where Jump Trading is accused of playing both hero and villain in Terra’s tragic tale. They deny everything, of course-because who admits to market manipulation anymore? 🤷♀️
- Who’s the plaintiff? 👩⚖️
The court-appointed administrator, now the CEO of “Terraform Liquidations & Coffee Co.” ☕, filed the case.
- How much dough are we talking? 💸
$4 billion-enough to buy 400,000 Lambos, if only investors had that. 🚗
- Jump’s defense strategy? 🤡
“We’re blameless! Do Kwon did it! Also, we’re hiring a clown for our legal team.” 🎪
Read More
- Jujutsu Zero Codes
- Jujutsu Kaisen Modulo Chapter 16 Preview: Mahoraga’s Adaptation Vs Dabura Begins
- One Piece Chapter 1169 Preview: Loki Vs Harald Begins
- All Exploration Challenges & Rewards in Battlefield 6 Redsec
- Boruto: Two Blue Vortex Chapter 29 Preview – Boruto Unleashes Momoshiki’s Power
- Everything Added in Megabonk’s Spooky Update
- Upload Labs: Beginner Tips & Tricks
- Best Where Winds Meet Character Customization Codes
- Top 8 UFC 5 Perks Every Fighter Should Use
- Battlefield 6: All Unit Challenges Guide (100% Complete Guide)
2025-12-22 02:18