SEC court filings: Jump Trading secretly purchased tens of millions of dollars worth of TerraUSD and made ~$1B profit per year before the coin's 2022 collapse
Chicago firm made about $1 billion through dealings with crypto mogul Do Kwon's company, according to the agency
SEC court filings confirm that Jump Trading was the mystery “US Trading Firm” that propped up Do Kwon's TerraUSD stablecoin in May 2021, a year before its catastrophic collapse https://www.wsj.com/...
To absolutely no one's surprise, Jump Capital, rumored to have clipped $8-9B of profit from Luna / UST and other “crypto” maneuvers in 2021, now faces some hard questions. https://www.wsj.com/...
The SEC has now directly confirmed that Jump secretly bailed out the UST project, propping up the peg and prolonging the Ponzi without any public disclosure whatsoever. Jump made over $1b in profits through their dealings with TFL and Do Kwon. https://www.wsj.com/...