Jump Crypto’s subsidiary, Tai Mo Shan, settles with the SEC for $123 million over misleading investors about TerraUSD (UST) stability. The firm is charged with deceptive practices during the UST depegging crisis and acting as an unregistered underwriter. Tai Mo Shan will pay $73.4M in disgorgement, $12.9M in interest, and a $36.7M penalty. This follows Terraform Labs' bankruptcy and $4.5B settlement. #Crypto #SEC #TerraUSD