Jump Trading settles SEC charges with a $123M fine for its role in supporting TerraUSD’s algorithmic stability.
SEC claims Jump Trading misled investors about TerraUSD and violated securities laws during Luna token offerings.
Jump Trading has suffered major legal and financial ramifications for its role in supporting the TerraUSD algorithmic stablecoin, which famously failed and wiped out over $40 billion in investor capital. The SEC said on December 20, 2024, that Tai Mo Shan LTD., a Jump Trading division, agreed to pay $123 million to resolve allegations of misleading investors on TerraUSD’s stability.
This settlement also addressed claims that by supporting token offers for Luna, TerraUSD’s sibling cryptocurrency, the company broke securities rules.
SEC COMES FOR JUMP: $123M PENALTY FOR TERRAUSD PLAY
Jump Trading’s $1B payday from propping up TerraUSD’s shaky algorithm is now costing them $123M in SEC fines.
The TerraUSD collapse erased $40B in investor assets.
Jump’s

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