Foreign media: Jump Trading is accused of manipulating the Terra market to profit over $1.28 billion

According to ChainCatcher, as reported by Blockworks, New Jersey resident Taewoo Kim filed a new lawsuit against Jump Trading on May 9 on behalf of investors affected by the previous Terra incident, accusing Jump Trading of playing a role in aiding and abetting a fraudulent scheme involving Terra, resulting in investors losing at least $40 billion.

It is reported that since November 2019, a series of agreements were reached between former Terraform CEO Do Kwon and Jump, whereby Jump was entitled to acquire LUNA Tokens at a significant discount as compensation for providing market-making services for LUNA and UST. Subsequently, Jump made over $1.28 billion in profit by selling the LUNA Tokens acquired at a significant discount. (Source link)