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Game Developer Takes Legal Action Against Jump Crypto for Alleged Market Manipulation

Game Developer Takes Legal Action Against Jump Crypto for Alleged Market Manipulation

The creator of a post-apocalyptic Web3 game has initiated a lawsuit against the market-making entity Jump Crypto, accusing them of a deliberate pump and dump scheme involving their digital coins. The lawsuit claims that Jump Crypto violated their contractual agreement by unlawfully disposing of the game’s tokens on the market, resulting in significant financial losses amounting to $1.4 million.