Close Menu
Cryprovideos
    What's Hot

    Dogecoin Quantity Down 48% as DOGE Worth Rallies — Why?

    June 7, 2025

    U.S. Treasury Abruptly Buys $10,000,000,000 of Its Personal Debt in Large, Historic Treasury Buyback – The Every day Hodl

    June 7, 2025

    Tezos Prompts Knowledge Availability Layer to Increase Scaling Efforts

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto Firm Settles with SEC for $123 Million Over TerraUSD Collapse
    Crypto Firm Settles with SEC for 3 Million Over TerraUSD Collapse
    Crypto News

    Crypto Firm Settles with SEC for $123 Million Over TerraUSD Collapse

    By Crypto EditorDecember 22, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Leap Crypto’s subsidiary, Tai Mo Shan, has agreed to pay $123 million to settle fees introduced by the U.S. Securities and Alternate Fee (SEC) over its involvement within the collapse of the TerraUSD (UST) algorithmic stablecoin.

    The SEC claims Tai Mo Shan misled buyers about UST’s stability previous to its crash.

    In 2021, the corporate reportedly organized to purchase Terra LUNA at a steep low cost from Terraform Labs and bought $20 million in UST to try to keep its peg to the U.S. greenback. SEC Chairman Gary Gensler condemned the actions, emphasizing that the crash impacted buyers and precipitated widespread harm to the crypto market. Gensler pressured the necessity for crypto market contributors to adjust to securities legal guidelines.

    UST’s failure in Could 2022, when it misplaced its peg after a big investor dumped $285 million in tokens, led to an enormous sell-off and regulatory scrutiny. The collapse additionally prompted the Lummis-Gillibrand Stablecoin Act, which goals to ban algorithmic stablecoins.

    As UST’s market cap grew far past its underlying reserves, it grew to become clear that the stablecoin was not adequately backed, finally resulting in its whole collapse. This occasion sparked an investigation into Terraform Labs and its founder, Do Kwon, leading to authorized fees and a serious settlement of $4.4 billion.

    Crypto Firm Settles with SEC for 3 Million Over TerraUSD Collapse





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Musician’s $3M NFT Loss Sparks Transfer to 2025’s Finest Altcoins

    June 7, 2025

    AB Anyplace: $AB Goes Reside on Binance, Ushering in a New Period of Cross-Chain Asset Mobility | UseTheBitcoin

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    Russia Hits Pause on Increasing Crypto Mining Restrictions

    June 7, 2025
    Latest Posts

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    Prime 6 Bitcoin Cloud Mining Platforms in 2025 – Trusted, Newbie-Pleasant & Excessive Incomes Potential

    June 7, 2025

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ripple CLO on New US Crypto Invoice: 'Huge Step Ahead'

    May 30, 2025

    Chaos Erupts Over Unapproved Trump-Branded Crypto Pockets: Right here is the Fact – BlockNews

    June 6, 2025

    Who Is Actually Getting Wealthy from this CRYPTO BULL RUN?

    January 16, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.