SEC Orders Tai Mo Shan to Pay $123 Million for “Negligently Misleading” Investors About Stability of Terra USD

The US Securities and Exchange Commission (SEC) recently charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a purported “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform), when UST dropped from its “purportedly fixed exchange rate of 1... Read More