How Jump Trading allegedly manipulated UST into collapse
A new lawsuit claims Chicago-based Jump Trading manipulated the price of TerraUSD (UST) and unjustly earned billion-dollar profits.
Cryptocurrency news by Protos · Protos
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Show Notes
Chicago-based trading firm Jump Trading has been accused of manipulating the price of algorithmic 'stablecoin' TerraUSD a year before it collapsed, in a class action lawsuit filed on May 9 -- echoing ongoing investigations by New York federal prosecutors and suspicions from the Securities and Exchange Commission.
Listen to this article to discover what the suit alleges about Jump trading execs, secret agreements with Do Kwon, and a discounted 61.4 million LUNA tokens.
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