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US SEC Charges Tai Mo Shan With Fraud Over Terra USD Peg Stability Claims

source-logo  coingape.com  + 3 more 21 December 2024 03:16, UTC

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.

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