Terraform Labs' administrator has filed a $4 billion suit accusing Jump Trading of covertly manipulating the Terra ecosystem and profiting from its collapse, which wiped out about $40 billion in investor value. The complaint, filed in December, was reported by The Wall Street Journal and Bloomberg.
Terra (LUNA) climbed roughly 55% on Dec. 11, 2025, emerging as one of the day's top-performing cryptocurrencies as traders cited renewed demand and market momentum.
Terraform Labs co-founder Do Kwon told U.S. authorities he believes a five-year prison term is an appropriate punishment for the Terra cryptocurrency fraud. The statement touches a high-profile case tied to the collapse of LUNA and LUNC.