On October 19th, a legal lawsuit against Do Kwon and Terraform Labs may depend on the actions of market maker Jump Trading, as shown in documents submitted to a New York court on Wednesday. In May 2022, the collapse of UST had an impact on the cryptocurrency market, and Do Kwon was subsequently sued by the U.S. Securities and Exchange Commission for misleading investors. The latest documents in the case show a focus on Jump, which appears to have made a profit of $1.28 billion during the UST collapse. Jump Trading's actions may be significant, as the UST stablecoin had briefly become unpegged from the U.S. dollar. Although Kwon told investors that the token maintained a value of $1 due to its automated algorithm, SEC experts stated that this was actually due to Jump intervening in the market at Terraform's request. According to a letter written by Kwon's team to the Singapore Supreme Court, "the defendant denies these allegations and claims that Jump was not the reason for the UST price recovery at that time." The letter also added that "the May 2022 unpegging was the result of deliberate efforts by third parties to engage in 'short' trading, causing it to become unanchored from its price peg." Kwon's defense team also argued that the U.S. Securities and Exchange Commission did not have jurisdiction because the assets involved were currency, not securities.