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
Regulatory Oversight for Tether's USA Launch
The launch of USA is accompanied by regulatory oversight, reflecting Tether's efforts to operate within defined supervisory boundaries.
Oobit Integrates USA as a Payment Tool
Oobit, a Tether-backed mobile payments app, has integrated USA as a settlement asset, enabling users to send and spend the stablecoin at various merchants.
Davos Declaration Signals Shift in U.S. Cryptocurrency Policy
The Trump administration's announcement at Davos indicates a strategic shift towards cohesive federal oversight of cryptocurrency.
Phia's Founders Aim to Transform Online Shopping Experience
Phoebe Gates and Sophia Kianni, the founders of Phia, aim to transform the online shopping experience by creating a personalized journey for users through advanced AI technology.
Phia AI Shopping Agent Secures $35 Million Series A Funding
Phia, an AI-powered shopping startup, has raised $35 million in a Series A funding round to enhance its platform and revolutionize online shopping.
Risotto's AI Platform Demonstrates Significant Efficiency Gains
Risotto's AI platform has successfully automated 60% of support tickets for payroll company Gusto, showcasing its effectiveness.
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