Jump Trading’s Covert Operations: How They Made $1.28 Billion From Terra Labs’ Downfall

Jump Trading’s Covert Operations: How They Made $1.28 Billion From Terra Labs’ Downfall

According to recent court filings by the Securities and Exchange Commission (SEC), the Chicago-based firm Jump Trading LLC secretly propped up Terra (UST), the algorithmic stablecoin created by Do Kwon, a year before its eventual collapse. The Wall Street Journal reported on the findings, revealing that Jump Trading made a staggering $1.28 billion from the scheme.


Jump Trading is a Chicago-based global trading firm specializing in various financial products, including equities, futures, options, currencies, and cryptocurrencies. The company was founded in 1999 by a group of former pit traders and has since grown to become one of the largest trading firms in the world, with offices in Chicago, New York, London, Singapore, and Shanghai.



The Dark Side Of Terra’s Collapse


The court filings shed light on the covert operations of Jump Trading, which allegedly used its trading power to prop up the UST project without any public disclosure. The stablecoin’s peg was arti ..

Support the originator by clicking the read the rest link below.