On March 25, Jump Trading responded on Monday to a lawsuit filed by Todd Snyder, the head of Terraform Labs' bankruptcy trust. Snyder sued Jump Trading, several of its subsidiaries, and two executives in December of last year, accusing them of market manipulation, defrauding investors, and self-trading, seeking $4 billion in damages. In its response, Jump Trading called the lawsuit a "transparent attempt" by Snyder to evade the $4.4 billion fine imposed on Terraform Labs by the U.S. Securities and Exchange Commission (SEC) in 2024, stating that Snyder had "fabricated a series of allegations designed to shift Terraform's liability to the SEC and its creditors onto the defendants." Jump Trading also pointed out that the lawsuit lacks crucial details, fails to specify the actions of each defendant, does not indicate where the alleged violations occurred, and is time-barred and should be dismissed. According to previous court records, when UST de-pegged from the dollar in 2021, Jump Trading assisted Terraform Labs in maintaining UST's peg by purchasing large amounts of UST to support its price, though executives from both parties kept this confidential. Terraform Labs founder Do Kwon has previously been sentenced to 15 years in prison for two counts of fraud.