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
SEI Crypto Set for Major Upgrades and Institutional Partnerships

SEI crypto is preparing for significant upgrades and partnerships to enhance throughput, reduce latency, and drive adoption.

Drivers Behind the Surge in Tokenized Equities

The remarkable growth of tokenized equities can be attributed to several key factors, including increased regulatory clarity in major jurisdictions and active participation from global investment banks and asset managers.

GRASS Token Attracts Investor Interest with Unique AI Data Focus

The GRASS Network, a Solana-based protocol, has gained significant attention following a $45 million seed funding round led by Polychain Capital.

Bithumb Schedules Maintenance for Point Shop Service

Bithumb has announced routine maintenance for its Point Shop service, affecting reward points but not cryptocurrency trading.

Arkham Intelligence to Cut Support for Linea Blockchain

Arkham Intelligence will discontinue support for the Linea blockchain on January 11 due to a periodic review of its relevance.

Beneficial Ownership Transparency Initiative Launched

The US Corporate Transparency Act aims to reveal the true owners of corporate entities to combat fraud and corruption.

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