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Cryptopolitan
2023-05-13 21:20:04

Jump Trading accused of manipulating TerraUSD for over $1B profit

Jump Trading accused of manipulating TerraUSD for over $1B profit

A lawsuit has been filed in an Illinois district court alleging that Jump Trading participated in manipulating the price of TerraUSD (UST), an algorithmic stablecoin, through its partnership with Terraform Labs. According to court documents, Jump Trading purchased millions of UST tokens in 2021 with the intention of manipulating their value to reach $1, violating ... Read more

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