The bankruptcy administrator overseeing Terraform Labs is pursuing legal action against Jump Trading, seeking approximately $4 billion in damages related to the catastrophic collapse of TerraUSD (UST) and the Terra ecosystem. This lawsuit marks a major development in the aftermath of one of crypto's most significant crises, stemming from the May 2022 implosion that wiped out billions in user assets. The case centers on Jump Trading's role and involvement during the critical period surrounding the stablecoin's depegging and subsequent cascade of failures. If successful, the recovery could have substantial implications for affected creditors and the broader discussion around institutional accountability in major crypto failures.