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
Staking Rewards Could Transform Institutional Crypto Products

Grayscale's proposal may influence how institutional investors perceive staking rewards in crypto products.

Grayscale Proposes Cash Payouts for Staking Rewards

Grayscale is proposing changes to its Ethereum and Solana trust structures to allow cash payouts for staking rewards, targeting a date around August 7, 2026.

US Spot Bitcoin ETFs Experience Modest Recovery with Net Inflows

US spot Bitcoin ETFs have recorded a second consecutive week of net inflows, totaling approximately $757 million, indicating a potential stabilization in institutional demand.

Buterin's Demo Explores Privacy and Moderation in Crypto

The demo showcases a unique approach to balancing user privacy with the need for moderation in online platforms.

Vitalik Buterin Launches Experimental Anonymous Message Board

Vitalik Buterin has launched an experimental anonymous message board using zeroknowledge technology on the Aztec Network to explore the coexistence of public participation and privacy onchain.

Bitcoin Treasury Capital Launches Bitcoin-Backed Preferred Stock in Sweden

Bitcoin Treasury Capital AB has launched a Bitcoin-backed preferred stock, BTC PREF, in Sweden, marking a significant development in corporate Bitcoin treasury strategies.

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