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
CFTC Introduces New Self-Reporting Guidelines for Crypto Firms
The CFTC has released new guidelines aimed at encouraging self-reporting and cooperation among regulated entities, including crypto firms.
Ostium Trading Halted Due to Oracle Key Compromise
Ostium has halted trading due to a significant exploit linked to a compromised oracle private key, affecting price feed integrity.
SEC and CFTC Initiate Joint Consultation to Clarify Crypto Derivatives Regulations
The SEC and CFTC have launched a joint consultation to clarify the regulatory landscape for digital asset derivatives.
IREN Stock Rallies Nearly 7% After Securing $2.8 Billion AI Contract
IREN stock surged nearly 7% after securing a $2.8 billion AI contract.
White House's Ethics Deal Could Propel CLARITY Act Forward
The White House has reached an agreement on an ethics package for the CLARITY Act, potentially paving the way for its passage in the Senate.
Stablecoin Growth on Solana Enhances DeFi and Payment Applications
The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.
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