Cryptocurrency news by Protos

How Jump Trading allegedly manipulated UST into collapse


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Chicago-based trading firm Jump Trading has been accused of manipulating the price of algorithmic 'stablecoin' TerraUSD a year before it collapsed, in a class action lawsuit filed on May 9 -- echoing ongoing investigations by New York federal prosecutors and suspicions from the Securities and Exchange Commission.


Listen to this article to discover what the suit alleges about Jump trading execs, secret agreements with Do Kwon, and a discounted 61.4 million LUNA tokens.


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