美國 SEC 指控 Terraform 實驗室精心策劃了數十億美元的加密貨幣欺詐

美國證券交易委員會 (SEC) 對 Terraform Labs 提起訴訟，指控以未經註冊的方式將加密資產作為證券出售，創建了一個欺詐性的區塊鏈帝國，導致投資者損失數十億美元。 SEC 聲稱 TerraUSD 和 Luna 的雙代幣系統本質上不穩定，而 Terraform Labs 對其代幣作為證券的分類存在爭議，並聲稱遵守現有法規。該審判的結果可能為類似案件的處理建立法律先例，並影響美國數位資產的監管格局，凸顯對投資者保護和加密貨幣公司問責制的更廣泛影響。

United States Securities and Exchange Commission Alleges Terraform Labs Orchestrated a Multi-Billion Dollar "Fraudulent Empire"

美國證券交易委員會指控 Terraform Labs 精心策劃了一個價值數十億美元的“欺詐帝國”

New York, NY (March 15, 2023) – The United States Securities and Exchange Commission (SEC) has filed a comprehensive lawsuit against Terraform Labs PTE Ltd., alleging a systematic scheme to deceive investors in the Terra ecosystem, resulting in billions of dollars in lost wealth.

紐約州紐約（2023 年3 月15 日）—美國證券交易委員會(SEC) 對Terraform Labs PTE Ltd. 提起全面訴訟，指控其存在系統性計劃，欺騙Terra 生態系統的投資者，造成數十億美元損失在失去的財富中。

The SEC's complaint, filed in the United States District Court for the Southern District of New York, charges Terraform Labs, its co-founder Do Kwon, and other affiliated parties with engaging in "false and misleading statements" and "unfair and fraudulent practices" in connection with the sale of the TerraUSD (UST) stablecoin and its sister token Luna.

美國證券交易委員會向紐約南區美國地方法院提起訴訟，指控 Terraform Labs、其聯合創始人 Do Kwon 以及其他關聯方參與「虛假和誤導性陳述」以及「不公平和欺詐行為」與TerraUSD (UST) 穩定幣及其姐妹代幣Luna 的銷售有關。

Central to the SEC's case is the allegation that Terraform Labs failed to register UST and Luna as securities, despite their status as investment contracts under federal law. The complaint asserts that Terraform Labs "intentionally and recklessly" misled investors about the risks associated with investing in these crypto assets, presenting them as more secure and profitable than was the case.

SEC 案件的核心是指控 Terraform Labs 未能將 UST 和 Luna 註冊為證券，儘管它們根據聯邦法律屬於投資合約。訴狀稱，Terraform Labs 「故意且魯莽地」誤導投資者有關投資這些加密資產的相關風險，將其描述為比實際情況更安全、更有利可圖。

The SEC further alleges that Terraform Labs created an unstable and interconnected system that was destined to fail. The complaint describes the relationship between UST and Luna as "circular and interdependent," with UST's peg to the US dollar dependent on the demand for Luna. This design, the SEC argues, inherently increased the risk of a crash, which ultimately occurred in May 2022, resulting in billions of dollars in investor losses.

SEC 進一步指控 Terraform Labs 創建了一個不穩定且相互關聯的系統，注定失敗。該投訴將 UST 與 Luna 之間的關係描述為“循環且相互依存”，UST 與美元的掛鉤取決於對 Luna 的需求。 SEC 認為，這種設計本質上增加了崩盤風險，崩盤最終發生在 2022 年 5 月，導致投資者損失數十億美元。

Terraform Labs has denied the SEC's allegations, claiming that its tokens were not securities and that it has always acted in compliance with applicable regulations. The company's defense is expected to focus on the technical complexities of cryptocurrency definitions and the uncertain regulatory landscape for digital assets.

Terraform Labs 否認了 SEC 的指控，聲稱其代幣不是證券，並且其行為始終遵守適用的法規。該公司的辯護預計將集中在加密貨幣定義的技術複雜性和數位資產不確定的監管環境上。

The outcome of this case is highly anticipated within the cryptocurrency industry, as it has the potential to shape the future of cryptocurrency regulation in the United States. A favorable outcome for the SEC could embolden the agency to pursue other crypto firms with greater vigor, reshaping the regulatory landscape for digital assets.

此案的結果在加密貨幣產業內備受期待，因為它有可能塑造美國加密貨幣監管的未來。如果美國證券交易委員會獲得有利的結果，可能會鼓勵該機構以更大的力度追蹤其他加密貨幣公司，從而重塑數位資產的監管格局。

The SEC's lawsuit also highlights the broader implications for investor protection and market stability in the rapidly evolving world of cryptocurrencies. The collapse of the Terra ecosystem sent shockwaves throughout the industry, raising concerns about the viability of algorithmic stablecoins and the need for robust regulatory oversight.

美國證券交易委員會的訴訟也強調了快速發展的加密貨幣世界對投資者保護和市場穩定的更廣泛影響。 Terra 生態系統的崩潰給整個行業帶來了衝擊，引發了人們對演算法穩定幣可行性和強有力監管需求的擔憂。

As the trial progresses, the complex interplay between blockchain innovation and investor protection will be closely scrutinized. The proceedings are expected to have significant implications for the future of Terraform Labs and its executives, as well as the broader cryptocurrency industry.

隨著審判的進展，區塊鏈創新和投資者保護之間複雜的相互作用將受到密切關注。預計該訴訟將對 Terraform Labs 及其高管以及更廣泛的加密貨幣行業的未來產生重大影響。