According to Wu, Wall Street Journal reporter Alexander Osipovich summarized from SEC documents that Jump agreed to provide liquidity for UST and Luna, and in return, Jump received Luna call options. Jump Crypto co-founder Bill DiSomma agreed to risk "hundreds of millions of dollars" to save UST, and said this was very important for Jump's credibility in the crypto space. The SEC believes that Terraform Labs' failure to disclose Jump's role was a major omission and constituted securities fraud, but Jump was not accused of wrongdoing.
