SEC hits Jump Trading with $123m fine over TerraUSD scandal and Luna misconduct

The SEC fined Tai Mo Shan Limited, a wholly owned subsidiary of Jump Crypto Holdings, $123 million for misleading investors about the stability of Terra USD, an alleged “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform). Tai Mo Shan is further charged with trading securities in unregistered transactions. The SEC established that the firm […] source: https://www.cryptopolitan.com/sec-hits-jump-trading-with-123m-fine/