Recently, the U.S. Securities and Exchange Commission (SEC) announced that Jump Trading's subsidiary Tai Mo Shan Ltd. will pay $123 million to settle allegations from misled investors during the TerraUSD collapse. It is reported that the company made significant purchases during the TerraUSD collapse to support the stablecoin's peg to $1, allegedly engaging in market fraud. The SEC accused the company of conducting $20 million worth of trades, leading investors to make incorrect judgments about the stability of TerraUSD. The regulatory agency also emphasized the company's role in underwriting the associated token Luna, claiming it was involved in the issuance of unregistered securities. This settlement stems from Jump Crypto's involvement in the operations of Terraform Labs, which allegedly profited over $1 billion from it. (DL News)

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