Jump Crypto subsidiary Tai Mo Shan has reached a $123 million settlement with the U.S. Securities and Exchange Commission (SEC) in a lawsuit accusing it of misleading investors ahead of the collapse of its algorithmic stablecoin TerraUSD (UST). The SEC revealed that Tai Mo Shan had reached an agreement with Terraform Labs to purchase Terra LUNA at a discount in 2021, receiving $20 million worth of UST to maintain UST’s 1:1 balance with the dollar. The collapse of TerraUSD had a broad impact on the crypto market.