Terra Classic

<ul><li>Whistleblower James Hunsaker testifies against Jump Trading, revealing its role in the UST collapse and SEC complaint filing.</li><li>SEC investigation shows Jump Trading&#39;s actions temporarily restored UST&#39;s peg, resulting in a $1b profit amid allegations of fraud.</li><li>Testimony highlights concealed deals between Jump Trading and Terraform Labs, exposing efforts to mislead investors about UST stability.</li></ul>In a significant revelation, FatMan, a notable figure in the crypto community known for his critical stance on Terraform Labs and its founders, recently shared an update on the ongoing legal proceedings related to the Terra (LUNA) and UST collapse.According to his post James Hunsaker, a former employee at Jump Trading, took the stand in the ongoing <a href="https://cryptotale.org/terraform-labs-faces-sec-in-new-york-court-over-investor-deceptions/" rel="noopener noreferrer nofollow">Terraform Labs</a> trial. Hunsaker provided testimony regarding his whistleblower complaint filed with the SEC. This complaint outlined Jump Trading&#39;s role in supporting Do Kwon&#39;s UST algorithmic stablecoin, which ultimately led to its dramatic $40 billion collapse in 2022, as highlighted by FatMan.<a href="https://cryptotale.org/whistleblower-unmasks-jump-tradings-alleged-fraud-in-ust-collapse-analysis/" rel="noopener noreferrer nofollow">Read full article at CryptoTale</a>.

Whistleblower Unmasks Jump Trading's Alleged Fraud in UST Collapse: Analysis

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