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

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Summary
Nutrition label

77% Informative

Tai Mo Shan Limited , a subsidiary of Jump Crypto Holdings LLC, has been fined $ 123 M by SEC for misleading investors on Terra USD’s $ 1 peg stability and unregistered LUNA sales, violating U.S. laws.

Terraform Labs and its founder, Do Kwon, were found liable for fraud, unregistered securities offerings earlier in 2024 .

Tai Mo Shans agreed to pay $73.45M in disgorgement, $ 12.91 M in prejudgment interest, and a $ 36.72 M civil penalty.

VR Score

74

Informative language

70

Neutral language

57

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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