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).
As for the price of Terra (LUNC), it has been trending downwards in recent weeks with slight recoveries. According to data from Coinbase, the price has decreased by approximately 19.59% in the past week, standing at USD 0.000111 for #LUNC🔥 currently.
Crypto Madam ✨