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 brought by investors misled during the collapse of TerraUSD. It is reported that the company made significant purchases during the collapse of TerraUSD to support the stablecoin's peg to $1, allegedly engaging in market fraud. The SEC charged that the company conducted $20 million worth of trades, leading investors to make incorrect judgments about TerraUSD's stability. The regulator also emphasized the company's role in underwriting the related token Luna for TerraUSD, claiming it was involved in the issuance of unregistered securities. This settlement stems from Jump Crypto's involvement in the operations of Terraform Labs, from which the company is said to have profited over $1 billion. (DL News)

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