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Terraform Labs Sues Jump Trading for $4B Over Alleged $1B Profit from Terra Collapse
Dec 19, 2025
< 1 min read
by Wayne Jones
for CryptoPotato
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Terraform Labs' administrator sues Jump Trading for $4 billion, claiming they misrepresented TerraUSD's stability and profited from its collapse. The lawsuit targets co-founder William DiSomma and former intern Kanav Kariya.
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Terraform Labs’ court-appointed administrator has sued Jump Trading for secretly supporting the TerraUSD stablecoin, misrepresenting its stability, and profiting from the ecosystem’s collapse.
As a result, Todd Snyder is seeking $4 billion in damages from the firm’s co-founder, William DiSomma, and Kanav Kariya, a former intern who later became president of its crypto-trading business.
