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
Sui Defends Key Macro Support Levels Amid Market Uncertainty
Sui is attempting to maintain its support levels while facing significant overhead resistance in the crypto market.
Chainlink's Smart Collateral Technology Chosen for DTCC Trial
Chainlink's smart collateral technology has been selected for a trial by DTCC, focusing on collateral management and financial infrastructure.
Significant Bitcoin Withdrawal from Binance Raises Market Attention
A newly created Bitcoin wallet has withdrawn 1,350 BTC from Binance, signaling important market activity.
Machi Big Brother Takes Action to Protect ETH Investments
Machi Big Brother has been liquidating BAYC-related assets to defend its leveraged ETH exposure in a fragile market environment.
Ripple Secures Preliminary CASP License Approval in Luxembourg
Ripple has secured preliminary approval for a CASP license from Luxembourg's CSSF, marking a significant step in its operations.
Ripple and SBI Holdings Launch RLUSD Stablecoin in Japan
Ripple has partnered with SBI VC Trade to launch the RLUSD stablecoin in Japan after receiving approval from the Japan Financial Services Agency.
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