The SEC must submit a plan by Aug. 20 for distributing a $123.1 million fund paid by Jump Crypto subsidiary Tai Mo Shan to investors harmed by Terra's 2022
The US Securities and Exchange Commission (SEC) faces an Aug. 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 address several key aspects of the distribution process.
An SEC order issued in February gave staff until Aug. 20 to submit the proposed distribution plan. The order granted additional time to develop the methodology and coordinate with recoveries stemming from separate Terraform Labs litigation.
The deadline does not mean investors are due to receive money by that date; it marks the point by which the SEC must file its proposed distribution plan.
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