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
USDTWD Exchange Rate Consolidation Near 32 Level Amid Economic Shifts

The USDTWD currency pair shows a consolidation bias around the critical 32 level amid Taiwan's economic shifts.

Jed McCaleb Redirects $1 Billion from XRP to AGI Investment

Jed McCaleb redirects $1 billion from his XRP fortune to invest in Artificial General Intelligence (AGI), aiming to build an AI system inspired by the human brain.

Astera Institute to Focus on Neuroscience-Inspired AI Development

The Astera Institute, founded by Jed McCaleb, will enhance its focus on neuroscience-inspired approaches to AI development.

Technology Stocks Lead Market Gains Amid Improved Risk Appetite

Technology shares rebounded strongly, driving much of the market's gains as investor sentiment improved.

Nubank's Nucoin Faces Major Collapse

Nubank's loyalty token, Nucoin, launched in 2023, has collapsed by 97%, leading to trading suspension in September 2024, affecting sixteen million users.

Bitcoin's Correlation with SP 500 Shows Signs of Weakness

Recent analysis indicates that Bitcoin is not decoupling from the SP 500 despite a negative correlation in short-term movements.

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