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
Insights on Bitcoin's Price Bottom from Long-Term Holder Metrics

Insights on Bitcoin's price bottom using Long-Term Holder metrics, indicating potential capitulation phases.

Cardano Advances Ecosystem Upgrades Amidst Market Challenges

Cardano is launching USDCx and integrating LayerZero to enhance its DeFi ecosystem despite market pressures.

Cardano ADA Faces Market Challenges Amidst Development Activity

This year has been challenging for Cardano ADA investors as weakening retail participation collides with renewed development activity and aggressive accumulation by large holders.

Analysts Warn of Potential Strain on Digital Asset Treasuries by 2026

Analysts warn that by 2026, companies holding large amounts of digital assets may need to sell part of their holdings due to falling prices and debt obligations.

Bitcoin Faces Prolonged Bear Market with Five Consecutive Months of Losses

Bitcoin is on track to complete five consecutive months of losses, marking one of the longest bear runs in its history.

Industry Leaders Back Vitalik Buterin's Prediction Market Vision

Industry leaders express support for Vitalik Buterin's vision on the future of prediction markets, emphasizing their role in economic stability.

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