Terraform Labs liquidator files $4 billion suit against Jump Trading and executives

According to a Wall Street Journal report, Terraform Labs' court-appointed plan administrator Todd Snyder has sued Jump Trading, co-founder William DiSomma, and former president Kanav Kariya, seeking $4 billion in damages. Snyder alleges Jump profited through a clandestine arrangement tied to TerraUSD, while a Jump spokesperson called the case a "desperate attempt" and vowed a vigorous defense.