韓國最高法院裁定Terrausd（USTC）和Luna不是金融投資產品

韓國最高法院裁定，倒塌的Stablecoin Terrausd（USTC）及其姐妹代幣Terra（Luna）不是金融投資產品

South Korea’s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra (LUNA) are not financial investment products, upholding earlier decisions and rejecting a prosecution appeal, Korean newspaper Etoday reports.

韓國報紙報導，韓國最高法院裁定，倒塌的Stablecoin Terrausd（USTC）及其姐姐令牌Terra（Luna）不是金融投資產品，堅持以前的決定並拒絕起訴上訴。

On Jan. 23, the court also rejected prosecutors’ request to seize assets from Terraform Labs co-founder Shin Hyun-seong. The court agreed with lower courts that had already ruled LUNA does not qualify as a regulated financial product under Korea’s Capital Markets Act, stating that “related law and records show the lower court’s decision is valid.”

1月23日，法院還駁回了檢察官要求從Terraform Labs聯合創始人Shin Hyun-Seong奪取資產的請求。法院與已經裁定盧娜（Luna）的下級法院同意，根據韓國的《資本市場法》，沒有資格為受監管的金融產品，並指出：“相關法律和記錄表明，下級法院的裁決是有效的。 ”

Prosecutors argued that LUNA was some sort of security and tried to confiscate Shin’s assets, claiming he made illegal profits. However, courts have repeatedly ruled that LUNA does not meet the legal definition of a security or financial investment product.

檢察官辯稱，盧娜（Luna）是某種保障，並試圖沒收申恩（Shin）的資產，聲稱他獲得了非法利潤。但是，法院一再裁定露娜不符合安全或金融投資產品的法律定義。

Capital Markets Act does not apply

資本市場法案不適用

Lawyer Kim Jung-chul from Law Firm Woori said the ruling does not just dismiss LUNA’s security status, but also “confirms that the Capital Markets Act does not apply, meaning asset seizure based on that law is not possible.”

律師事務所Woori的律師Kim Jung-Chul表示，該裁決不僅駁回了Luna的安全狀況，而且還確認“ Capital Markets Act不適用，這意味著基於該法律的資產扣押是不可能的。”

Despite the ruling, Shin and other Terraform executives still face fraud charges. Prosecutors allege that they misled investors and manipulated the market to profit from the Terra blockchain.

儘管採取了裁決，但Shin和其他Terraform高管仍然面臨欺詐指控。檢察官聲稱他們誤導了投資者，並操縱了市場以從Terra區塊鏈中獲利。

Do Kwon, the key figure behind Terra, was extradited from Montenegro and appeared in a Manhattan court in January on federal fraud charges. A U.S. grand jury indicted Kwon for inflating Terraform’s crypto prices and laundering funds. The collapse of Terra in May 2022 wiped out over $40 billion, causing major losses for investors worldwide.

Terra背後的關鍵人物Do Kwon被從黑山引渡，並於1月以聯邦欺詐指控出現在曼哈頓法院。美國大陪審團起訴權誇大了Terraform的加密價格和洗錢資金。 Terra在2022年5月的崩潰中消失了超過400億美元，造成了全球投資者的重大損失。