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Jump Trading propped up TerraUSD stablecoin in secret deal, SEC says

Do Kwon arrested
Do Kwon arrested in Montenegro. Photo: Filip Filipovic/Getty Images

Julie DiMauro

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Jump Trading was the unnamed US trading firm in the SEC’s February complaint, making $1 billion in profit from its dealings with Terraform Labs, agency says.

Recent court filings made by the SEC as part of its ongoing fraud lawsuit against Terraform Labs co-founder Do Kwon confirmed that US-based Jump Trading was the unnamed trading firm listed in the agency’s initial complaint and demand for a jury trial, the WSJ has reported.

That complaint was

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