Do Kwon’s TerraUSD SEC Case May Hinge on Role of Market Maker Jump Trading, Court Docs Show

Jump’s involvement may matter due to an incident a year earlier, in which UST temporarily lost its peg to the dollar. While Kwon told investors the coin maintained its $1 value because of its automated algorithm, SEC experts say that it was, rather, due to Jump intervening in the market at Terraform’s behest.