Bankruptcy filings allege the high-frequency firm Jump Trading secretly propped up Terraform stablecoin in 2021 to secure a $1. 3 billion windfall, delaying the inevitable crash. The liquidation administrator for Terraform Labs filed a massive $4 billion lawsuit against Jump Trading on Thursday, accusing the high-frequency giant of engineering a “secret bailout” that rigged the market and artificially extended the life of the doomed TerraUSD (UST) stablecoin. Todd Snyder, the court-appointed plan administrator, filed the complaint in U
source: https://news.shib.io/2025/12/19/jump-trading-faces-4b-lawsuit-for-rigging-the-terra-collapse/