Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.
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Kwon has been sued for misleading investors after the stablecoin's 2022 collapse sent shockwaves across the ecosystem. “Defendants deny these allegations and assert that Jump’s trades in UST were not the cause of the peg restoration in May 2021,” according to a letter from Kwon’s team to the Singapore Supreme Court, which had sought further details in connection with the case, included in the New York filing.
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