This article is about blockchain, trading, and technology news.

Tai Mo Shan, a subsidiary of Jump Crypto, has reached a $123 million settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading investors ahead of the collapse of its TerraUSD (UST) algorithmic stablecoin. The SEC noted that Tai Mo Shan had reached an agreement with Terraform to purchase Terra LUNA at a discounted price in 2021. Tai Mo Shan purchased approximately $20 million worth of UST to maintain UST’s 1:1 peg. The May 2022 collapse of TerraUSD had widespread repercussions across the crypto market and had significant implications for stablecoin regulation. Share your views in the comments.