A legal case against Do Kwon and his company, Terraform Labs, could hinge on the role of market maker Jump Trading, according to filings made in a New York court on Wednesday. The collapse of Kwon’s terraUSD stablecoin (UST) in May 2022 sent a shockwave across the cryptocurrency market, heralding a crypto winter. Kwon was subsequently sued by the U.S. Securities and Exchange Commission for misleading investors. New documents in the case show a focus on the role of Jump – a market maker that appears to have made $1.28 billion in profits as the doomed ecosystem fell apart. Jump’s involvement may matter due to an ... (full story)