TechFlow news According to the Wall Street Journal, on May 16, court documents released last Friday by the U.S. Securities and Exchange Commission (SEC) revealed that cryptocurrency market maker Jump Trading entered into a secret agreement one year before the UST collapse. These filings confirm that Jump Trading earned approximately $1 billion in profits through transactions with Terraform Labs. For example, emails from January 2020 reveal a deal: "Jump will enhance liquidity for Terra and Luna and will gain the right to acquire Luna at prices of 30 cents, 40 cents, and 50 cents over the next three years." Luna surged to over $90 in late 2021 and early 2022. The SEC also released a revised version of the July 2021 secret agreement, under which Terraform Labs committed to transferring 61.5 million Luna tokens to Jump each month.
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