<ul><li>The Securities and Exchange Commission (SEC) has fined Tai Mo Shan Limited $123 million for misleading investors about the stability of the Terra USD (UST) stablecoin and conducting unregistered securities transactions involving LUNA crypto assets.</li><li>Jump Crypto Holdings subsidiary engaged in trading activities that created a false impression about Terra USD's stability mechanism during a May 2021 price decline.</li><li>Tai Mo Shan also violated securities laws by acting as an unregistered underwriter of LUNA tokens between January 2021 and May 2022.</li><li>The settlement includes $73.5 million in disgorgement, $12.9 million in interest, and a $36.7 million civil penalty.</li></ul>

2.5Y After Terra and Luna Collapse, SEC Reaches $123 Million Settlement with Crypto Firm

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