Whistleblower James Hunsaker testified against Jump Trading, exposing its involvement in the UST collapse and the SEC complaint it filed. An SEC investigation uncovered that Jump Trading's actions temporarily restored UST's peg, resulting in a $1 billion profit amid accusations of fraud. *Testimony shed light on hidden agreements between Jump Trading and Terraform Labs, revealing attempts to deceive investors about the stability of UST.
Whistleblower Reveals Jump Trading Alleged Fraud in UST Collapse: Analysis
by Giorgi Kostiuk
2 years ago
0
Other news
SpaceX Warns Investors About Viability of Orbital AI Data Centers
SpaceX warns investors that its plans for orbital AI data centers may not achieve commercial viability due to significant technical complexities.
SUI Network Set to Revolutionize Finance with Upcoming Upgrades
The SUI network is set to launch significant upgrades that could transform global finance.
RedotPay Launches SUI and USDC Integration for Real-World Transactions
RedotPay has launched an integration of SUI and USDC, allowing users to utilize digital assets for real-world transactions.
Ethereum Staking Activity Surges to New Heights
Ethereum staking has reached unprecedented levels as both retail and institutional investors increase their participation.
Analyst Predicts Potential XRP Rally Amid Market Trends
Crypto analyst Egrag Crypto predicts that XRP could rally to between $9 and $13, indicating a macro uptrend despite recent market fluctuations.
XRP Adoption Grows with New Partnerships in Japan
XRP adoption in Japan is enhanced through new partnerships between SBI and Tobu Top Tours, allowing users to buy and spend XRP with loyalty points at 5 million merchants.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter