Tai Mo Shan’s TerraUSD Deception Turns Costly: SEC Imposes $123M Penalty

Quick Summary:

Deceptive practices surrounding TerraUSD (UST) have landed Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC, in hot water with the SEC, resulting in a $123 million settlement.

The Tai Mo Shan TerraUSD deception involved misleading investors about the stablecoin’s stability and selling unregistered securities.

This $123 million settlement serves as a stark […]

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Article Details

Author / Journalist: Izabela Anna

Category: Crypto

Markets: India

Topics: Market News News Terra Luna Classic (LUNC) TerraUSD SEC Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 19:59:00 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 150 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24577235

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 19 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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