According to news from PANews on June 13, according to Cointelegraph, the algorithmic and high-frequency trading company Jump Trading is seeking to transfer the class action against the company from the US state of Illinois to the Northern District Court of California, saying that this will greatly speed up the legal process. The lawsuit was originally filed by Taewoo Kim on May 9 last year, alone or on behalf of others affected by the collapse of the Terra/Luna ecosystem. Kim is represented by attorney Selendy Gay and law firm Robbins Geller Rudman & Dowd LLP. The lawsuit alleges that Jump Trading and its CEO Kanav Kariya participated in a price manipulation scheme related to the TerraUSD stablecoin, which it says generated profits worth $1.3 billion for the company. In addition, the company and Kariya are accused of violating commodity exchange and commodity futures trading commission regulations and obtaining unjust enrichment in violation of common law.