Close Menu
Cryprovideos
    What's Hot

    Elon Musk Says Donald Trump is within the Epstein Information: Right here is the Reality Behind the Insanity – BlockNews

    June 6, 2025

    Tariffs Not a Risk to S&P Momentum, Says Fundstrat’s Tom Lee

    June 6, 2025

    Merchants Again $BEST ICO with Greatest Pockets Showcasing Tangible Web3 Utility

    June 6, 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

    Prime Crypto Presale Initiatives 2025: Nexchain, Web3 AI & BlockDAG

    June 6, 2025

    Finest Crypto Presale? Finest Pockets Token Raises $13 Million for Web3 Ecosystem – CryptoDnes EN

    June 6, 2025

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025
    Latest Posts

    Bitcoin May Break The Greenback — $250K Prediction Nonetheless In Play, Billionaire Says

    June 6, 2025

    Bitcoin Layer 2: Ark

    June 6, 2025

    Might Labor Market Shock Overtake Inflation as Bitcoin’s Subsequent Macro?

    June 6, 2025

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Palantir Is Violating Its Personal Rules By Avoiding A Bitcoin Treasury

    June 6, 2025

    Michael Saylor’s Technique ups Bitcoin wager with $1B inventory providing

    June 6, 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

    Gensler Resigns as Mark Uyeda Turns into Appearing SEC Chair

    January 21, 2025

    Trump confirms nomination of Paul Atkins as the brand new SEC chair

    December 4, 2024

    1st Institutional Crypto Sale In South Korea After Ban Carry

    June 3, 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.