Jump agrees to provide liquidity to UST and Luna, acquires Luna call options

According to Wu, Wall Street Journal reporter Alexander Osipovich concluded based on SEC documents that Jump agreed to provide liquidity to UST and Luna, and in return, Jump received a call option on Luna. Jump Crypto co-founder Bill DiSomma agreed to risk "hundreds of millions of dollars" to save UST, saying it was important for Jump's credibility in the crypto space. The SEC considered Terraform Labs' failure to disclose Jump's role to be a material omission that constituted securities fraud, but Jump was not accused of wrongdoing.