Odaily Planet Daily News 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 investors misled during the collapse of TerraUSD. It is reported that the company made significant purchases during the TerraUSD collapse to support the stablecoin's peg to $1, suspected of market fraud. The SEC accused the company of conducting $20 million in trades, leading investors to make erroneous judgments about TerraUSD's stability. The regulatory agency also emphasized the company's role in underwriting the related token Luna of TerraUSD, claiming it was involved in an unregistered securities offering. This settlement stems from Jump Crypto's involvement in the operations of Terraform Labs, reportedly profiting over $1 billion from it. (DL News)

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