TechFlow news, December 19 — According to The Wall Street Journal, Terraform Labs' bankruptcy administrator Todd Snyder has filed a lawsuit against high-frequency trading giant Jump Trading, accusing the firm of illicit profits and contributing to the collapse of Do Kwon's cryptocurrency empire. The lawsuit seeks $4 billion in damages and names as defendants Jump Trading, its co-founder William DiSomma, and Kanav Kariya, who rose from an intern to president of Jump’s crypto trading division. The case is being handled by the administrator appointed by the bankruptcy court.
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