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Jump Is the Unnamed ‘US Trading Firm’ in SEC Complaint Against Do Kwon: Sources

Jump Trading is the unidentified "U.S. trading firm" the Securities and Exchange Commission accused of helping support the TerraUSD stablecoin as it de-pegged from the dollar in 2021, according to two people with knowledge of the trades. 

The U.S. Securities and Exchange Commission brought civil charges against Terraform Labs, the developer of TerraUSD and its related luna token, and the firm's CEO Do Kwon on Thursday, including the allegation that they misled investors by using a "U.S. trading firm" to support TerraUSD's value in May 2021. That firm was Jump, according to the people.

The SEC has not brought any charges against Jump or accused the firm of wrongdoing. A spokesperson for Jump declined to comment. 

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