Crypto
SEC Faces August 20 Deadline to Distribute $123.1 Million Terra Fund
The US Securities and Exchange Commission (SEC) faces an August 20 deadline to submit a plan for distributing a $123.1 million fund paid by Jump Crypto subsidiary Tai Mo Shan to investors harmed by Terra's 2022 collapse.
The proposal is expected to determine who qualifies for compensation, how losses will be calculated, whether investors must submit claims, and how eventual payments will be made.
Tai Mo Shan has already paid the full $123.1 million ordered by the SEC, including $73.45 million in disgorgement, $12.92 million in prejudgment interest, and a $36.73 million civil penalty.