Wu Shuo learned that the U.S. Securities and Exchange Commission (SEC) has accused Tai Mo Shan Limited of misleading investors about the stability of Terra USD (UST), a stablecoin issued by Terraform Labs. The SEC also accused the company of acting as an unregistered dealer in the trading of the LUNA cryptocurrency asset. As part of a settlement, Tai Mo Shan agreed to pay $123 million, including disgorged profits, interest, and penalties.