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Will Jump Trading face new lawsuits related to TerraUSD by end of 2025?
3
Resolution / Starting Odds
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No • 50%
Court records or public legal filings involving Jump Trading and TerraUSD
Story
Jump Trading's Tai Mo Shan Agrees to Pay $123 Million to Settle SEC Allegations of Misleading Investors on TerraUSD Stability
Dec 20, 2024, 11:59 PM
Jump Trading's subsidiary, Tai Mo Shan Limited, has agreed to pay $123 million to settle allegations from the U.S. Securities and Exchange Commission (SEC) that it misled investors regarding the stability of the TerraUSD (UST) algorithmic stablecoin. The SEC's findings indicated that the company engaged in negligent misrepresentations about UST's stability mechanism and acted as a legal underwriter in unregistered transactions involving the LUNA crypto asset. The settlement, which does not require Tai Mo Shan to admit or deny the SEC's findings, comes amid ongoing scrutiny of the cryptocurrency market and its regulatory compliance.
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