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Tai Mo Shan Agrees to $123 Million Settlement with SEC Over TerraUSD Collapse

  • Tai Mo Shan has agreed to a $123 million settlement with the SEC over the collapse of TerraUSD.
  • The settlement includes disgorgement of $73.5 million, prejudgment interest of $12.9 million, and a civil penalty of $36.7 million.
  • Tai Mo Shan was accused of misleading investors and artificially stabilizing the value of UST during its failed attempt to maintain a $1 peg.
  • The SEC's investigation into the TerraUSD collapse has prompted increased global scrutiny and efforts by regulators to regulate stablecoins.

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