U.S. high-speed trading giant Jump Trading entered a secret deal to prop up the TerraUSD cryptocurrency a year before the coin’s collapse, new court filings show
Chicago firm made about $1 billion through dealings with crypto mogul Do Kwon’s company, according to the agencyJump Trading hasn’t been accused of wrongdoing in connection with TerraUSD or the coin’s May 2022 collapse.
, highlighting the ties between Chicago-based Jump and disgraced crypto mogulThe Securities and Exchange Commission posted the court filings late Friday as part of its fraud lawsuit against Mr. Kwon and his company, Terraform Labs. The filings confirm that Jump was the unnamed U.S. trading firm in the SEC’s lawsuit that made some $1 billion in profit through its dealings with Terraform Labs, according to the SEC.
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