Terraform Labs' court-appointed administrator has filed a $4 billion lawsuit against Jump Trading in Illinois, targeting the firm and its executives William DiSomma and Kanav Kariya. The lawsuit, filed on December 18, 2025, alleges that Jump Trading profited from the collapse of TerraUSD and LUNA in 2022, which resulted in a $40 billion loss for the ecosystem. Jump Trading has denied the allegations and intends to contest the lawsuit. This legal action comes as global regulators intensify efforts to implement Countering the Financing of Terrorism measures, contributing to ongoing volatility in the cryptocurrency markets. Meanwhile, Bitcoin continues to attract attention as a potential hedge against inflation amid broader macroeconomic uncertainties.