Terraform Labs 和 Do Kwon 在歷史性的加密執法中被罰款 53 億美元

在一項具有里程碑意義的裁決中，SEC 認定 TerraForm Labs 和 Do Kwon 對 2022 年 Terra Luna 倒塌相關的欺騙行為負有責任。法院提出了 47 億美元的沒收罰款，辯護團隊以 350 萬美元的和解金額反擊。該案件凸顯了美國證券交易委員會對加密貨幣詐欺行為的打擊以及該行業監管透明度的必要性。

Terraform Labs and Do Kwon Ordered to Pay $5.3 Billion in Historic Cryptocurrency Enforcement Action

Terraform Labs 和 Do Kwon 在歷史性的加密貨幣執法行動中被勒令支付 53 億美元

New York, NY - April 23, 2024

紐約州紐約市 - 4 月 23 日，

In a landmark ruling that could reshape the cryptocurrency industry, a federal court in Manhattan has found Terraform Labs and its founder, Do Kwon, liable for deceptive practices that led to the collapse of the Terra Luna ecosystem in May 2022. The court has ordered the defendants to pay a staggering $5.3 billion in disgorgement and civil penalties, the largest cryptocurrency-related punitive enforcement ever imposed.

在一項可能重塑加密貨幣行業的里程碑式裁決中，曼哈頓聯邦法院裁定 Terraform Labs 及其創始人 Do Kwon 對導致 2022 年 5 月 Terra Luna 生態系統崩潰的欺騙行為負責。 53 億美元的沒收和民事罰款，這是有史以​​來實施的最大規模的與加密貨幣相關的懲罰性執法。

SEC's Deceptive Practice Allegations

SEC 的詐欺行為指控

The Securities and Exchange Commission (SEC) filed suit against Terraform Labs and Kwon in February 2023, alleging that they had engaged in a deceptive marketing campaign that misled investors about the risks associated with TerraUSD (UST), an algorithmic stablecoin that was designed to maintain a stable value of $1. The SEC claimed that the defendants had artificially propped up UST's price through a series of undisclosed and manipulative transactions, creating the illusion that it was a safe and reliable investment.

美國證券交易委員會(SEC) 於2023 年2 月對Terraform Labs 和Kwon 提起訴訟，指控他們參與了欺騙性行銷活動，誤導投資者了解與TerraUSD (UST) 相關的風險，TerraUSD (UST) 是一種演算法穩定幣，旨在維護穩定價值為 1 美元。 SEC 聲稱，被告透過一系列未揭露和操縱的交易人為抬高 UST 的價格，製造出這是一項安全可靠的投資的假象。

Terra Luna's Collapse and Devastating Impact

Terra Luna 的崩潰與毀滅性影響

The collapse of UST and its linked cryptocurrency, Terra (LUNA), in May 2022 sent shockwaves through the cryptocurrency market, wiping out billions of dollars in investor wealth and triggering a cascade of liquidations and bankruptcies across the industry. The SEC's investigation revealed that Terraform Labs and Kwon had failed to disclose the risks associated with UST's complex algorithmic design and had actively misled investors about its stability.

2022 年 5 月，UST 及其相關加密貨幣 Terra (LUNA) 的崩盤為加密貨幣市場帶來了衝擊，摧毀了投資者數十億美元的財富，並引發了整個行業的一系列清算和破產。美國證券交易委員會的調查顯示，Terraform Labs 和 Kwon 未能揭露與 UST 複雜演算法設計相關的風險，並在其穩定性方面積極誤導投資者。

Defendants' Defense and SEC's Counterargument

被告的辯護和 SEC 的反駁

Terraform Labs and Kwon denied the SEC's allegations, claiming that the de-pegging of UST was a result of a smart contract breach and not due to any deceptive practices on their part. However, the court rejected this defense, finding that the defendants had made material misstatements about UST's risks and had failed to disclose their manipulative trading activities.

Terraform Labs 和 Kwon 否認了 SEC 的指控，聲稱 UST 的取消掛鉤是智能合約違規的結果，而不是由於他們的任何欺騙行為。然而，法院駁回了這項辯護，認為被告對 UST 的風險做出了重大錯誤陳述，並且未能披露其操縱交易活動。

The SEC further asserted that UST was never truly pegged to $1, as claimed by the defendants, but was instead subject to significant fluctuations in value and was ultimately under the control of the defendants.

SEC 進一步聲稱，UST 從未像被告聲稱的那樣真正與 1 美元掛鉤，而是受到價值大幅波動的影響，最終處於被告的控制之下。

Unprecedented Penalty and Precedence for Crypto Regulation

加密貨幣監管史無前例的處罰和優先

The court's order requires Terraform Labs to pay $4.7 billion in disgorgement, representing the profits they obtained from their deceptive practices. Kwon himself is ordered to pay $520 million in civil penalties. If the defendants fail to adjust the penalty sum, as suggested by the SEC, this $5.3 billion will surpass Binance's DoJ settlement by approximately $1 billion, marking it as the largest cryptocurrency-related punitive enforcement ever.

法院的命令要求 Terraform Labs 支付 47 億美元的非法所得，這代表他們從欺騙行為中獲得的利潤。權本人被命令支付 5.2 億美元的民事罰款。如果被告未能按照 SEC 的建議調整罰款金額，這 53 億美元將比幣安與司法部的和解金額高出約 10 億美元，這標誌著有史以來規模最大的加密貨幣相關懲罰性執法。

This landmark ruling is expected to have significant implications for the regulation of cryptocurrency assets and could set a precedent for future enforcement actions against deceptive practices in the industry. Investors and regulators alike are closely monitoring the developments in this case, as it has the potential to shape the future of the cryptocurrency market.

這項具有里程碑意義的裁決預計將對加密貨幣資產的監管產生重大影響，並可能為未來針對該行業欺詐行為的執法行動樹立先例。投資者和監管機構都在密切關注此案的進展，因為它有可能塑造加密貨幣市場的未來。

Victims Seek Answers and Regulation

受害者尋求答案和監管

Investors who lost billions of dollars in the Terra Luna collapse are seeking answers and accountability from the defendants. The SEC's successful prosecution of this case provides some solace to victims and sends a strong message that deceptive practices in the cryptocurrency market will not be tolerated.

在 Terra Luna 倒閉中損失數十億美元的投資者正在尋求被告的答案和問責。美國證券交易委員會成功起訴此案，給受害者帶來了一些安慰，並發出了一個強烈的訊息：加密貨幣市場的欺騙行為是不會被容忍的。

The Terra Luna case has also raised questions about the adequacy of existing cryptocurrency regulations. Regulators around the world are grappling with the challenges of balancing innovation in the cryptocurrency industry with the need to protect investors from fraud and manipulation. This case is likely to accelerate the development of more robust regulations for the cryptocurrency market.

Terra Luna 案也引發了人們對現有加密貨幣法規是否充分的質疑。世界各地的監管機構正在努力應對平衡加密貨幣行業創新與保護投資者免受欺詐和操縱的需要的挑戰。此案可能加速針對加密貨幣市場制定更嚴格的法規。