TechFlow news, according to Blockworks, New Jersey resident Taewoo Kim filed a new lawsuit on May 9 on behalf of investors previously affected by Terra against Jump Trading, accusing Jump Trading of playing a role in aiding and abetting the fraud scheme related to Terra, resulting in investor losses of 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, under which Jump was entitled to acquire LUNA tokens at substantial discounts as compensation for providing market-making services for LUNA and UST. Subsequently, Jump generated over $1.28 billion in profits by selling these deeply discounted LUNA tokens.
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