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Tai Mo Shan Limited has agreed to pay $123 million to settle charges from the SEC for misleading investors about the stability of TerraUSD and LUNA. The firm was accused of deceptive trading practices and unregistered securities sales, contributing to the collapse of Terraform Labs, which resulted in over $40 billion in investor losses. SEC Chair Gary Gensler emphasized the need for compliance with securities laws in the crypto market.
Jump Trading has agreed to pay $123 million to settle SEC charges related to its involvement in the collapse of the algorithmic stablecoin TerraUSD, which resulted in over $40 billion in investor losses. The SEC accused the firm of misleading investors about TerraUSD's stability and violating securities laws during Luna token offerings. Despite earning $1.28 billion from backing TerraUSD, the settlement suggests an acknowledgment of the issues surrounding its actions, prompting calls for stricter regulations in the crypto market.
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SEC fines Jump Trading 123 million for TerraUSD and LUNA misconduct
02:22 23.12.2024
Jump Trading fined 123 million dollars over TerraUSD stability claims
12:00 22.12.2024
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