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
Bitcoin Faces Major Selloff as Price Drops Below $78,000

Bitcoin has dropped below the critical $78,000 level due to intensified selling pressure and market uncertainty.

Ethereum Faces Similar Selling Pressure as Bitcoin Drops

Ethereum faces significant selling pressure with Binance Taker Sell Volume exceeding $11 billion as Bitcoin drops below $78,000, indicating a broader market trend.

Japanese Retail Investors Embrace XRP as a Store of Value

Japanese retail investors are increasingly viewing XRP as a store of value due to a long history of low interest rates.

SBI Group to Launch Bitcoin and XRP ETF on Tokyo Stock Exchange

SBI Group is planning to launch a combined Bitcoin and XRP ETF on the Tokyo Stock Exchange, targeting $32 billion in assets under management within three years.

Bitcoin Supply Tightening Signals Reduced Sell Pressure

Binance Research reports that Bitcoin on-chain indicators show tightening supply and reduced sell pressure, with exchange balances at a six-year low.

Bitcoin Approaches Key Moving Average Levels

Bitcoin's price is attempting to reclaim important moving average levels after a recent bear market confirmation.

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