SEC 里程碑式勝利：Terraform Labs 和 Do Kwon 對 Terra Collapse 詐欺行為承擔責任

在一項具有里程碑意義的裁決中，陪審團裁定Terraform Labs 及其聯合創始人Do Kwon 對Terra 生態系統崩潰中的民事欺詐承擔責任，為SEC 向被告追繳數十億美元的非法所得和民事處罰鋪平了道路。

Landmark SEC Victory: Terraform Labs and Do Kwon Found Liable for Fraud in Terra Ecosystem Crash

具有里程碑意義的 SEC 勝利：Terraform Labs 和 Do Kwon 被發現對 Terra 生態系統崩潰中的欺詐行為負責

In a resounding legal victory, the United States Securities and Exchange Commission (SEC) has secured a jury verdict holding blockchain protocol Terraform Labs and its co-founder Do Kwon liable for civil fraud in connection with the catastrophic collapse of the Terra ecosystem in 2022.

美國證券交易委員會(SEC) 取得了一場巨大的法律勝利，獲得了陪審團的裁決，裁定區塊鏈協議Terraform Labs 及其聯合創始人Do Kwon 對與2022 年Terra 生態系統災難性崩潰有關的民事詐欺承擔責任。

The SEC's initial lawsuit, filed in February 2023, alleged that Terraform Labs and Kwon perpetrated a massive crypto scam by misleading investors about the stability and value of various digital assets, including the LUNA token and the algorithmic stablecoin Terra USD (UST).

美國證券交易委員會於2023 年2 月提起的最初訴訟稱，Terraform Labs 和Kwon 誤導投資者了解各種數位資產的穩定性和價值，包括LUNA 代幣和演算法穩定幣Terra USD (UST)，從而實施了大規模的加密騙局。

After a lengthy trial, the jury unanimously agreed that the defendants had indeed committed fraud, validating the SEC's accusations. This verdict represents a significant triumph for the agency in its ongoing efforts to combat fraud and protect investors within the digital asset realm.

經過長時間的審判，陪審團一致認為被告確實犯下欺詐行為，證實了 SEC 的指控。這項判決標誌著該機構在打擊詐欺和保護數位資產領域投資者方面的持續努力中取得了重大勝利。

In response to the verdict, the SEC swiftly filed a motion seeking substantial monetary penalties and injunctive relief against Terraform Labs and Kwon. The motion seeks approximately $4 billion in disgorgement, which involves the return of ill-gotten gains, as well as civil penalties totaling $545 million in prejudgment interest, $420 million for Terraform Labs, and $100 million for Kwon.

作為對判決的回應，美國證券交易委員會迅速提出一項動議，尋求對 Terraform Labs 和 Kwon 進行巨額罰款和禁令救濟。該動議尋求追回約 40 億美元的非法所得，其中包括返還非法所得，以及總計 5.45 億美元的判決前利息民事罰款，其中 Terraform Labs 為 4.2 億美元，Kwon 為 1 億美元。

The SEC is also pursuing a conduct-based injunction to prevent the defendants from engaging in further securities law violations, an officer and director bar against Kwon, and a declaration that the monetary sanctions imposed on Terraform Labs cannot be discharged in bankruptcy.

美國證券交易委員會也正在尋求一項基於行為的禁令，以防止被告進一步違反證券法，對 Kwon 發出禁止令，並宣布對 Terraform Labs 實施的貨幣制裁不能因破產而解除。

While the defendants have submitted their own proposals for potential remedies, their requests for modest civil penalties and their objections to injunctive relief and disgorgement stand in stark contrast to the SEC's Forderungen. Terraform Labs contends that the SEC must meet a higher burden of proof to obtain a conduct-based injunction and argues that any civil penalty should be based solely on the SEC's evidence of alleged violations related to domestic token sales.

雖然被告已提交了自己的潛在補救措施建議，但他們要求適度的民事處罰以及反對禁令救濟和沒收非法所得，這與 SEC 的 Forderungen 形成鮮明對比。 Terraform Labs 認為，SEC 必須承擔更高的舉證責任才能獲得基於行為的禁令，並認為任何民事處罰都應僅基於 SEC 涉嫌與國內代幣銷售相關的違規行為的證據。

The court's decision on the SEC's motion for penalties will likely have profound implications for Terraform Labs, Kwon, and the broader digital asset industry. The outcome of this case will set a precedent for how the SEC approaches similar cases involving fraud and misconduct within the crypto market.

法院對 SEC 處罰動議的裁決可能會對 Terraform Labs、Kwon 以及更廣泛的數位資產產業產生深遠影響。此案的結果將為 SEC 如何處理涉及加密市場內詐欺和不當行為的類似案件樹立先例。

Meanwhile, the price of Luna Classic (LUNC), the native token of the Terra ecosystem, has fluctuated in the wake of the jury verdict. Despite a recent rebound of 2% in the past 24 hours, LUNC's price has experienced a significant decline of over 25% in the past month.

同時，Terra 生態系統的原生代幣 Luna Classic (LUNC) 的價格在陪審團裁決後出現波動。儘管最近在過去24小時內反彈了2%，但LUNC的價格在過去一個月內卻經歷了超過25%的大幅下跌。

As the legal proceedings continue, the SEC's victory against Terraform Labs and Kwon serves as a cautionary tale about the importance of investor protection and regulatory compliance in the rapidly evolving crypto landscape. The case will likely shape the regulatory framework and enforcement strategies for digital assets in the years to come.

隨著法律訴訟的持續，美國證券交易委員會對 Terraform Labs 和 Kwon 的勝利成為一個警示，說明在快速發展的加密貨幣領域，投資者保護和監管合規的重要性。該案可能會影響未來幾年數位資產的監管框架和執法策略。