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Jump Crypto subsidiary Tai Mo Shan reached a $123 million settlement with the SEC

Jump Crypto subsidiary Tai Mo Shan reached a $123 million settlement with the SEC

Bitget2024/12/21 22:26

On December 22, Jump Crypto's subsidiary Tai Mo Shan agreed to settle with the U.S. Securities and Exchange Commission (SEC) for $123 million because the company misled investors about its stability information before the collapse of TerraUSD (UST) algorithmic stablecoin.

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