PANews reported on December 19th that, according to the Wall Street Journal, the bankruptcy administrator responsible for liquidating the remaining assets of Terraform Labs, which is handling Do Kwon, has filed a lawsuit against Jump Trading, accusing the high-frequency trading giant of illegally profiting and contributing to the collapse of the "crypto empire." Todd Snyder, the bankruptcy court-appointed planner, is seeking $4 billion in damages from Jump, co-founder William DiSomma, and Kanav Kariya, who rose through the ranks from intern to president of Jump's cryptocurrency trading business.
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