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
Ethereum Active Addresses Hit New Record High

Recent data indicates that the Ethereum network has achieved a new all-time high in its 30-day moving average of Active Addresses, suggesting a surge in user activity.

Ethereum Spot ETFs Face Negative Netflow Trend

Ethereum spot exchange-traded funds (ETFs) have experienced a shift in netflow trends, moving back to negative after an earlier positive streak.

Virtuals Protocol and t54 Launch Agent Commerce on XRP Ledger

Virtuals Protocol and t54 have announced the integration of agent commerce into the XRP Ledger, enabling AI agents to transact using escrowed jobs and programmable settlements.

South Korean Opposition Party Seeks to Abolish Cryptocurrency Tax

The South Korean opposition party has introduced a bill to abolish the planned 22% capital gains tax on cryptocurrencies, arguing it creates unfair disparity compared to stock investors.

Coinbase Expands Global Offerings with Stock Perpetual Futures

Coinbase has launched stock perpetual futures for non-US traders, allowing 24/7 trading of major tech stocks as part of its strategy to integrate crypto and traditional assets.

Grayscale Moves to Launch HYPE ETF Following SEC Application

Grayscale has submitted an S1 registration form for the Grayscale HYPE ETF, aiming to trade on NASDAQ under the GHYP symbol.

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