SEC 針對 Terraform Labs 的訴訟 Do Kwon 即將結束

美國證券交易委員會針對 Terraform Labs 和 Do Kwon 提起的訴訟，指控詐欺活動導致 Terra-LUNA 穩定幣投資者損失 600 億美元，該訴訟已接近結束，定於週五進行結案陳詞。在證據陳述和結案陳詞之後，初步的陪審團指示將被詳細的指示所取代。

SEC Lawsuit Against Terraform Labs and Do Kwon Nears Conclusion

SEC 針對 Terraform Labs 和 Do Kwon 的訴訟即將結束

The highly anticipated Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and its co-founder, Do Kwon, is approaching its culmination with closing arguments scheduled for this Friday. The case has garnered significant attention due to the allegations of fraudulent activities that led to the collapse of Terra-LUNA stablecoin, resulting in colossal investor losses.

備受期待的美國證券交易委員會 (SEC) 針對 Terraform Labs 及其聯合創始人 Do Kwon 的訴訟即將進入高潮，定於本週五進行結案陳詞。由於涉嫌詐欺活動導致 Terra-LUNA 穩定幣崩潰，對投資者造成巨大損失，該案引起了廣泛關注。

Allegations of Fraud and Investor Losses

欺詐和投資者損失的指控

The SEC has accused Terraform and its former CEO, Do Kwon, of engaging in fraudulent practices that culminated in the demise of their stablecoin, Terra-LUNA. The lawsuit alleges that Kwon intentionally misled investors about the stability of TerraUSD, a stablecoin designed to maintain a value of $1.

美國證券交易委員會指控 Terraform 及其前執行長 Do Kwon 從事詐欺行為，最終導致其穩定幣 Terra-LUNA 的消亡。該訴訟指控 Kwon 在 TerraUSD 的穩定性方面故意誤導投資者，TerraUSD 是一種旨在維持 1 美元價值的穩定幣。

The SEC further contends that Terraform misrepresented the integration of its Terraform blockchain into Chai, a popular Korean mobile payment application. These alleged deceptive practices, according to the SEC, led to massive investor losses amounting to an estimated $60 billion in 2022.

SEC 進一步認為，Terraform 歪曲了將其 Terraform 區塊鏈整合到韓國流行的行動支付應用程式 Chai 中的情況。據 SEC 稱，這些所謂的欺騙行為導致 2022 年投資者損失估計達 600 億美元。

Defense Arguments and Witness Testimony

辯護論點和證人證詞

Throughout the trial, both parties have presented evidence and arguments to support their respective positions. Terraform and Kwon's defense has maintained that the SEC has misinterpreted statements and relied on biased witnesses who sought potential whistleblower rewards.

在整個庭審過程中，雙方都提出了證據和論點來支持各自的立場。 Terraform 和 Kwon 的辯護堅稱，SEC 誤解了聲明，並依賴有偏見的證人來尋求潛在的舉報人獎勵。

Brian Curran, Terraform Labs' former head of communications, testified against the company, providing insights into its alleged deceptive practices. Curran's testimony has been a key piece of evidence in the case, shedding light on Terraform's internal operations and the role of Do Kwon in its decision-making process.

Terraform Labs 前通訊主管 Brian Curran 出庭作證對該公司不利，提供了對其涉嫌欺騙行為的見解。 Curran 的證詞是本案的關鍵證據，揭示了 Terraform 的內部運作以及 Do Kwon 在決策過程中扮演的角色。

Extradition Proceedings and Criminal Charges

引渡程序和刑事指控

Do Kwon was apprehended in Montenegro in March 2023 but did not attend the trial. However, the United States and South Korea, Kwon's home country, have initiated extradition proceedings against him on separate criminal charges.

Do Kwon 於 2023 年 3 月在黑山被捕，但沒有出席審判。然而，美國和權的祖國韓國已以單獨的刑事指控對他啟動引渡程序。

If extradited and convicted, Kwon could face significant penalties, including imprisonment and substantial fines. The extradition process is expected to be lengthy and complex, potentially delaying the resolution of the SEC lawsuit.

如果被引渡並定罪，權可能面臨嚴厲處罰，包括監禁和巨額罰款。引渡過程預計將漫長而複雜，可能會延遲美國證券交易委員會訴訟的解決。

Impact on the Cryptocurrency Market

對加密貨幣市場的影響

The collapse of Terra-LUNA had a devastating impact on the cryptocurrency market. The stablecoin's failure to maintain its $1 peg triggered a sharp decline in TerraUSD and Luna tokens, leading to widespread losses for investors.

Terra-LUNA 的崩盤對加密貨幣市場產生了毀滅性的影響。該穩定幣未能維持與 1 美元掛鉤，引發了 TerraUSD 和 Luna 代幣的大幅下跌，導致投資者遭受廣泛損失。

The fallout from the Terra-LUNA collapse also extended to the broader cryptocurrency market, contributing to a significant market downturn. Several cryptocurrency companies, including some major exchanges, filed for bankruptcy in 2022 following the Terra-LUNA debacle.

Terra-LUNA 崩盤的影響也延伸到了更廣泛的加密貨幣市場，導致市場嚴重低迷。 Terra-LUNA 崩潰後，包括一些主要交易所在內的多家加密貨幣公司於 2022 年申請破產。

SEC's Allegations of Price Manipulation

美國證券交易委員會 (SEC) 的價格操縱指控

The SEC has alleged that Kwon and Terraform Labs collaborated with a third party to artificially inflate the price of TerraUSD when it briefly lost its $1 peg in May 2021. According to the regulator's assertions, Kwon falsely attributed the price recovery to TerraUSD's algorithmic capabilities.

美國證券交易委員會(SEC) 指控，Kwon 和Terraform Labs 與第三方合作，在2021 年5 月短暫失去1 美元錨定匯率時人為抬高TerraUSD 的價格。根據監管機構的說法，Kwon 錯誤地將價格恢復歸因於TerraUSD 的演算法能力。

Furthermore, the SEC has accused Terraform of falsely representing its Terraform blockchain as the underlying technology facilitating transactions between consumers and merchants on the Chai payment app.

此外，SEC 還指控 Terraform 錯誤地將其 Terraform 區塊鏈描述為促進消費者和商家在 Chai 支付應用程式上進行交易的基礎技術。

Jury Instructions and Closing Arguments

陪審團指示和結案陳詞

As the trial reaches its closing stages, Judge Rakoff is expected to provide the jury with detailed instructions summarizing the case and the legal principles they must consider in their deliberations.

隨著審判進入最後階段，拉科夫法官預計將向陪審團提供詳細指示，總結案件以及他們在審議中必須考慮的法律原則。

Following the closing arguments by both parties, the jury will be tasked with deciding whether Terraform and Do Kwon are liable for the alleged fraudulent activities. The jury's verdict will have significant implications for the future of cryptocurrency regulation and the potential liabilities of stablecoin issuers.

在雙方進行結案陳詞後，陪審團將負責決定 Terraform 和 Do Kwon 是否對涉嫌的詐欺活動承擔責任。陪審團的裁決將對加密貨幣監管的未來和穩定幣發行人的潛在責任產生重大影響。