Jump Trading responded on Monday to a lawsuit filed by Todd Snyder, head of the Terraform Labs bankruptcy trusteeship. Snyder sued Jump Trading, several of its subsidiaries, and two executives last December, alleging market manipulation, investor fraud, and self-dealing, seeking $4 billion in damages. In its response, Jump Trading called the lawsuit a “transparent attempt” by Snyder to evade the $4.4 billion fine imposed on Terraform Labs by the U.S. Securities and Exchange Commission (SEC) in 2024, and stated that Snyder “fabricated a series of allegations aimed at shifting Terraform’s liability to the SEC and its creditors onto the defendants.” Jump Trading also pointed out that the lawsuit lacked crucial details, failed to specify the actions of each defendant, did not identify the locations of the alleged violations, and was time-barred and should be dismissed. According to previous court records, when the UST de-pegged to the dollar in 2021, Jump Trading assisted Terraform Labs in maintaining the UST's peg by buying large amounts of UST to support its price, but executives from both sides kept this confidential. Terraform Labs founder Do Kwon had previously been sentenced to 15 years in prison for two counts of fraud.