Terraform Labs' bankruptcy administrators have filed a $4 billion claim against Jump, alleging that Jump was responsible for Terraform's collapse.

According to ME News, on December 19th (UTC+8), the bankruptcy administrator responsible for liquidating the remaining assets of Terraform Labs, which is handling Do Kwon, filed a lawsuit against Jump Trading, accusing the high-frequency trading giant of illegally profiting and contributing to the collapse of the "crypto empire." The bankruptcy court-appointed administrator, Todd Snyder, is seeking $4 billion in damages from Jump, co-founder William DiSomma, and Kanav Kariya, who rose through the ranks from intern to president of Jump's cryptocurrency trading business. (Source: ME)