Patterson v. TerraForm Labs Pte Ltd. et al

  1. September 03, 2026

    Jump Trading Must Face Terraform Stablecoin Fraud Claims

    Crypto trading firm Jump Trading LLC and its subsidiaries must face the bulk of a proposed securities class action from investors who claim it misled them and manipulated the market for Terraform Labs' stablecoins in the lead up to the stunning collapse of the Terraform ecosystem.

  2. January 05, 2024

    Jump Trading Beats Claims Stablecoin Wasn't Stable, For Now

    A California federal judge has refused to send to arbitration a putative class action alleging cryptocurrency company Jump Trading duped investors to fund Terraform's stablecoins, which lost more than 90% of their value within weeks, but he tossed the complaint, with leave to amend, for failing to sufficiently allege securities fraud.