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
XRPL Fee Data Highlights Network Activity
Recent fee data indicates a drop in daily network fees on the XRP Ledger, sparking discussions about network activity and demand.
Governance Takeover Exploit Drains $158 Million from Token of Power Protocol
A governance exploit against the Token of Power protocol resulted in a loss of approximately $158 million in WETH.
Ripple Introduces XRPL AI Starter Kit to Enhance Agentic Payments
Ripple has launched the XRPL AI Starter Kit, a developer toolkit designed to help software agents make payments using XRP and Ripple USD.
Bitcoin Halving Cycle Indicates Bottoming Phase
Crypto Rover shares a Bitcoin halving cycle chart suggesting BTC is in a bottoming phase, similar to previous cycles.
Market Anticipation for Bitcoin Surge
Experts predict a significant return of retail investors to Bitcoin as institutional buying increases. Many believe that once institutions finish loading up on Bitcoin and start pushing the price, retail investors will return to the market, especially if a sudden price surge occurs.
Analysts Predict 69% Chance Bitcoin Hits $50,000 Before $100,000
Analysts predict a 69% chance that Bitcoin will reach $50,000 before hitting $100,000.
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