PANews|Dec 19, 2025 02:34
[Bankruptcy Administrator of Terraform Labs Files $4 Billion Claim Against Jump, Accusing It of Responsibility for Terraform's Collapse]
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 profiteering and contributing to the collapse of the 'crypto empire.' Todd Snyder, the plan administrator appointed by the bankruptcy court, is seeking $4 billion in claims from Jump, the company's co-founder William DiSomma, and Kanav Kariya, who rose from intern to president of Jump's cryptocurrency trading division.
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