Jump Crypto Holdings has been allowed to submit papers in a secret manner, which is a key milestone in the litigation that the Securities and Exchange Commission (SEC) is pursuing against Terraform Labs and its creator, Do Kwon. In the current legal procedures, this action, which was approved by Federal Judge Jed Rakoff, represents a significant turning point throughout the proceedings. Considering the sensitivity and complexity of the matter, the papers in issue have been submitted to the United States District Court for the Southern District of New York as part of the discovery process. These materials will be processed in a private manner with the intention of protecting their confidentiality.
The cryptocurrency known as Jump Crypto, which is a subsidiary of Jump Trading, is now being investigated for its alleged role in the events that led to the devaluation of the TerraUSD (UST) and the subsequent collapse of the Terra…
