美國證券交易委員會 (SEC) 在曼哈頓審判中指控 Terraform Labs 和 Do Kwon 存在「紙牌屋」欺詐行為

在 SEC 對 Terraform Labs 及其創始人 Do Kwon 的民事詐欺審判中，SEC 指控被告在 TerraUSD 的穩定性方面誤導了投資者，TerraUSD 是一種本應保持 1 美元價值的穩定幣。美國證券交易委員會還聲稱，Terraform 錯誤地表示其區塊鏈用於韓國流行的行動支付應用程式。 Kwon 的律師辯稱，SEC 的案件依賴選擇性證據，而 Terra 的加密貨幣從未被認為是無風險的。

SEC Accuses Terraform Labs and Do Kwon of "House of Cards" Fraud in Manhattan Trial

美國證券交易委員會 (SEC) 指控 Terraform Labs 和 Do Kwon 在曼哈頓審判中涉嫌《紙牌屋》欺詐

On Monday, the Securities and Exchange Commission (SEC) commenced a civil fraud trial in Manhattan, alleging that Terraform Labs and its founder, Do Kwon, perpetrated a "house of cards" by misrepresenting the stability of TerraUSD (UST), a stablecoin designed to maintain a value of $1. The SEC further asserts that Terraform falsely claimed its blockchain was utilized in a popular Korean mobile payment app.

週一，美國證券交易委員會 (SEC) 在曼哈頓啟動民事詐欺審判，指控 Terraform Labs 及其創始人 Do Kwon 歪曲了 TerraUSD (UST) 的穩定性，犯下了「紙牌屋」罪。維持1美元的價值。美國證券交易委員會進一步聲稱，Terraform 錯誤地聲稱其區塊鏈被用於韓國流行的行動支付應用程式。

SEC attorney Devon Staren opened the trial with a scathing indictment, declaring that "Terra was a fraud, a house of cards, and when it collapsed, investors lost nearly everything." In contrast, Terraform's attorney, Louis Pellegrino, dismissed the SEC's case as relying on selective evidence and the testimony of potential whistleblower informants. Kwon's attorney, David Patton, emphasized that Kwon never portrayed Terra's cryptocurrency as risk-free.

美國證券交易委員會律師德文·斯塔倫(Devon Staren) 在審判開始時提出了嚴厲的起訴書，宣稱“Terra 是一個騙局，是一座紙牌屋，當它倒塌時，投資者幾乎失去了一切。 」相比之下，Terraform 的律師 Louis Pellegrino 駁回了 SEC 的案件，稱其依賴選擇性證據和潛在舉報人的證詞。 Kwon 的律師 David Patton 強調，Kwon 從未將 Terra 的加密貨幣描述為無風險。

Kwon's Absence and Extradition Proceedings

權某缺席和引渡程序

Do Kwon is notably absent from the trial as he was arrested in Montenegro in March 2023 and is currently awaiting extradition to South Korea, where he faces criminal charges. A Montenegro court recently delayed his extradition, citing concerns raised by the prosecutor's office. Federal prosecutors in New York have also charged Kwon with fraud and are seeking his extradition to the United States.

值得注意的是，Do Kwon 於 2023 年 3 月在黑山被捕，目前正在等待引渡到韓國，他在韓國面臨刑事指控，因此他缺席了審判。黑山一家法院最近以檢察官辦公室提出的擔憂為由推遲了對他的引渡。紐約聯邦檢察官也指控權犯有欺詐罪，並正在尋求將他引渡到美國。

The TerraUSD Collapse and its Market Impact

TerraUSD 崩盤及其市場影響

Kwon conceived both TerraUSD and Luna, a volatile token linked to TerraUSD. The SEC estimates that investors lost over $40 billion in these two tokens when TerraUSD's peg to the dollar failed in May 2022. The collapse not only dragged down the value of other cryptocurrencies, including Bitcoin, but also wreaked havoc in the broader crypto market, leading to multiple company bankruptcies.

Kwon 構思了 TerraUSD 和 Luna，這是一種與 TerraUSD 掛鉤的波動性代幣。美國證券交易委員會估計，2022 年5 月TerraUSD 與美元掛鉤失敗後，投資者在這兩種代幣上損失了超過400 億美元。這次崩盤不僅拖累了包括比特幣在內的其他加密貨幣的價值，也對更廣泛的加密貨幣市場造成了嚴重破壞，導致導致多家公司破產。

SEC's Allegations of Market Manipulation and Misrepresentation

美國證券交易委員會對市場操縱和虛假陳述的指控

The SEC alleges that Kwon and Terraform secretly arranged for a third party to purchase large amounts of TerraUSD to prop up its price when the stablecoin deviated from its peg in May 2021. The regulator contends that Kwon falsely attributed the recovery to the robustness of TerraUSD's algorithms.

美國證券交易委員會(SEC) 指控，當穩定幣2021 年5 月偏離錨定匯率時，Kwon 和Terraform 秘密安排第三方購買大量TerraUSD 以支撐其價格。監管機構認為，Kwon 錯誤地將價格回升歸因於TerraUSD 演算法的穩健性。

Additionally, the SEC claims that Kwon and Terraform falsely advertised Terraform's blockchain as the processor of transactions on the Chai payment app. Terraform and Kwon have denied any wrongdoing and assert that the SEC has taken their statements out of context.

此外，SEC 聲稱 Kwon 和 Terraform 錯誤地將 Terraform 的區塊鏈宣傳為 Chai 支付應用程式上的交易處理器。 Terraform 和 Kwon 否認有任何不當行為，並聲稱 SEC 斷章取義。

SEC's Remedies and Legal Precedents

SEC 的補救措施和法律先例

The SEC is seeking civil financial penalties and injunctions barring Kwon and Terraform from the securities industry. In December, US District Judge Jed Rakoff granted the SEC a partial victory by ruling that Terraform Labs had illegally sold digital assets without registering them as securities. However, the judge dismissed the SEC's allegations that Terraform and Kwon offered illegal security-based swaps.

美國證券交易委員會正在尋求民事經濟處罰和禁令，禁止 Kwon 和 Terraform 進入證券業。去年 12 月，美國地區法官 Jed Rakoff 裁定 Terraform Labs 在未將數位資產註冊為證券的情況下非法出售數位資產，從而使 SEC 獲得部分勝利。然而，法官駁回了 SEC 關於 Terraform 和 Kwon 提供非法基於證券的互換的指控。

The amount of damages that Terraform must pay has yet to be determined, but the company, which filed for bankruptcy protection in January, has indicated that a penalty could exceed its assets. The trial is expected to continue for several weeks, and its outcome will have significant implications for the cryptocurrency industry and the regulation of digital assets.

Terraform 必須支付的損害賠償金額尚未確定，但該公司已於 1 月申請破產保護，並表示罰款可能超過其資產。該審判預計將持續數週，其結果將對加密貨幣行業和數位資產的監管產生重大影響。