According to Jump Trading’s March 23 filing, the firm says Terraform Labs liquidators’ $4 billion lawsuit is legally deficient, lacks essential factual detail, and was filed after the applicable deadline.
Jump Trading said in a March 23 court filing that it is seeking dismissal of a $4 billion lawsuit brought by Terraform Labs liquidators, describing the allegations as fabricated. The firm argued the complaint fails to identify key details, including what each defendant allegedly did and where the misconduct supposedly occurred. Jump also said the claims are time-barred, meaning they were filed after the relevant legal deadline. The dispute is tied to efforts by Terraform Labs’ bankruptcy representatives to pursue claims related to alleged market manipulation and fraud.