🔥 SEC FINES TAI MO SHAN FOR MARKET MANIPULATION
In a move aimed at deterring market manipulation in the cryptocurrency space, the SEC has fined Tai Mo Shan, a unit of Jump Trading, $123 million.
Investigations revealed that this company engaged in an opaque "market making" strategy with UST, purchasing a large amount of UST to support its price and receiving Luna tokens at attractive discounts in return.
This behavior clearly violates securities trading regulations and has caused harm to investors.
