2.5Y After Terra and Luna Collapse, SEC Reaches $123 Million Settlement with Crypto Firm

The Securities and Exchange Commission (SEC) has fined Tai Mo Shan Limited $123 million for reportedly misleading investors about the stability of the Terra USD (UST) stablecoin and conducting unregistered securities transactions involving LUNA crypto assets.

Dec 23, 2024 - 08:32
2.5Y After Terra and Luna Collapse, SEC Reaches $123 Million Settlement with Crypto Firm
StablecoinThe Securities and Exchange Commission (SEC) has fined Tai Mo Shan Limited $123 million for reportedly misleading investors about the stability of the Terra USD (UST) stablecoin and conducting unregistered securities transactions involving LUNA crypto assets.

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