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

Other news
Americans Show Increasing Use of AI Despite Negative Sentiment

A recent NBC News poll shows that while over half of Americans have used AI platforms, their overall sentiment towards the technology remains negative.

Increased Activity on XRP Ledger Signals Network Usage Growth

Transaction activity on the XRP Ledger has surged, indicating a rise in real network usage.

XRP Market Liquidity Shifts to Upbit

Recent data indicates that Upbit has surpassed Binance and Coinbase in XRP trading volume, signaling a notable shift in market liquidity.

Sharplink Reports Significant Loss Amid Ethereum Price Drop

Sharplink reported a full-year loss of $734 million due to declining Ethereum prices, despite achieving $101 million in profits in 2024.

UK Political Landscape Faces Scrutiny Over Crypto Donations

Reform UK has become the first major British political party to accept cryptocurrency donations, raising concerns about transparency, money laundering, and foreign interference in elections.

Nigel Farage Joins Stack BTC Plc as Investor

Reform UK leader Nigel Farage has made a notable investment in Stack BTC Plc, contributing to a fundraising round aimed at bolstering the company's Bitcoin treasury.

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