Terraform Labs bankruptcy administrator files $4 billion claim against Jump, alleging responsibility for Terraform’s collapse | PANews

PANews, December 19—According to the Wall Street Journal, the bankruptcy administrator responsible for liquidating the remaining assets of Do Kwon's Terraform Labs has filed a lawsuit against Jump Trading, accusing the high-frequency trading giant of illegal profits and contributing to the collapse of the "crypto empire." The plan administrator appointed by the bankruptcy court, Todd Snyder, is seeking $4 billion in claims from Jump, company co-founder William DiSomma, and Kanav Kariya, who rose from intern to president of Jump's crypto trading business.