The company Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay 123 million dollars to the U.S. Securities and Exchange Commission for misleading investors about the stability of the algorithmic stablecoin TerraUSD (UST) prior to its collapse.
According to case materials, the firm signed an agreement with TerraformLabs to purchase tokens #LUNA . Additionally, Tai Mo Shan acquired UST for approximately 20 million dollars with the aim of maintaining its peg.