Jump Trading responds to Terraform lawsuit: Plaintiff attempts to divert SEC fines and creditor liability.

CoinFeed reported on March 25 that, according to DL News, market maker Jump Trading responded to a $4 billion lawsuit filed by the liquidators of Terraform Labs, claiming that the plaintiffs fabricated allegations in an attempt to shift Terraform's responsibilities to the SEC and creditors onto the defendants. In its response filed on March 23, Jump Trading pointed out that the lawsuit lacks key details, fails to specify the specific actions of the defendants or the locations of the violations, and is time-barred. Todd Snyder, who is in charge of the Terraform Labs liquidation, sued Jump Trading, several of its subsidiaries, and two executives last December, accusing them of market manipulation, defrauding investors, and self-dealing, seeking $4 billion in damages.