Judge lets Terraform use Jump lawsuit evidence while blocking four late creditor claims
A Delaware bankruptcy judge allowed Terraform Labs’ plan administrator to use Jump Trading documents in a separate Illinois lawsuit seeking at least $4 billion, but only for that case and without deciding the merits of the claims. The judge found the documents had been used outside the bankruptcy protective order as written, then modified the order so they may be used in the Jump action, including in an amended complaint. Confidentiality disputes remain for the Illinois court. The lawsuit alleges Jump secretly supported TerraUSD and received about $1.5 billion in Bitcoin reserves, but those claims are unproven. Jump opposed the change, saying the materials were shared only for bankruptcy use and that broader use could expose sensitive information. The same ruling also rejected four late-filed crypto-loss claims, narrowing the pool of claimants, but it did not bar all late claims. Any creditor recovery from the Jump suit still depends on the case succeeding and producing net proceeds.
