US SEC Charges Tai Mo Shan With Fraud Over Terra USD Peg Stability Claims
The U.S. Securities and Exchange Commission (SEC) has charged Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC, for misleading investors about the stability of Terra USD (UST), an algorithmic stablecoin created by Terraform Labs. The SEC also accused Tai Mo Shan of unlawfully offering and selling LUNA, a cryptocurrency issued by Terraform,…