Kwon Denies Jump Trading Stabilized TerraUSD Peg in 2021, Contradicting SEC Experts

Do Kwon's Terraform Labs denies Jump Trading restored UST's $1 peg in 2021. SEC experts disagree.

UST temporarily lost peg in 2021. Kwon said algorithm restored it, but SEC says Jump intervened at Terraform's request.

Kwon claims 2022 collapse was due to intentional effort by third parties to short UST.

Kwon arrested in 2022 for false documents, currently in Montenegro jail. Defense claims SEC lacks jurisdiction.

Jump Trading lost $300 million when FTX collapsed in 2022. Its role in Terra ecosystem made large profits in 2021.