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Jump Trading Beats Claims Stablecoin Wasn't Stable, For Now

By Dorothy Atkins (January 5, 2024, 6:57 PM EST) -- A California federal judge has refused to send to arbitration a putative class action alleging cryptocurrency company Jump Trading duped investors to fund Terraform's stablecoins, which lost more than 90% of their value within weeks, but he tossed the complaint, with leave to amend, for failing to sufficiently allege securities fraud....

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