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