#BinanceLabsBacksUsual

Recently, the US Securities and Exchange Commission (SEC) reached a settlement with Tai Mo Shan Limited, a subsidiary of Jump Crypto, for USD 123 million. This settlement is related to Tai Mo Shan's activities in the Terra (LUNA) ecosystem.

Furthermore, the SEC has recorded a record of financial penalties, racking up USD 8.2 billion in fines, largely due to the settlement with Terraform Labs, the entity behind Terra (LUNA).