Jump Crypto Unit Settles With SEC for $123 Million Over TerraUSD Misconduct

Jump Crypto’s wholly-owned subsidiary, Tai Mo Shan, has agreed to a $123 million settlement with the US Securities and Exchange Commission (SEC) for its role in misleading investors about the stability of the TerraUSD (UST) stablecoin. Jump Crypto, a subsidiary of the Chicago-based proprietary trading firm Jump Trading, was integral to Terra’s ecosystem. The firm is currently under... source: https://beincrypto.com/sec-charges-jump-crypto-subsidiary/