<ul><li>The U.S. Securities and Exchange Commission (SEC) has fined Tai Mo Shan Ltd., a subsidiary of Jump Crypto, $123 million for misleading investors about the stability of TerraUSD.</li><li>Tai Mo Shan purchased $20 million to artificially maintain TerraUSD at a $1 peg during its collapse, deceiving investors and markets.</li><li>In addition, it is accused of financing the sister token of TerraUSD, Luna, which the SEC has determined to be an unregistered security.</li><li>The settlement requires Tai Mo Shan to pay disgorgement, prejudgement interest, and civil penalties, and comply with U.S. securities laws.</li></ul>

Tai Mo Shan Fined $123M for TerraUSD Scandal

Discover more