Terraform 創辦人在詐欺審判中面臨結案陳詞

在即將到來的審判的結案陳詞中，Terraform Labs 及其創始人Do Kwon 的律師將在2022 年TerraUSD 穩定幣崩潰之前解決欺騙投資者的指控。美國證券交易委員會(SEC) 指控他們在TerraUSD 穩定性方面誤導投資者，並虛假聲稱其區塊鏈在韓國支付應用程式中的使用。 Kwon 和 Terraform 的辯護堅稱，SEC 誤解了聲明，並依賴有偏見的證人尋求舉報人報酬。

Terraform Labs Founders Face Closing Arguments in Alleged Fraud Trial

Terraform Labs 創辦人在涉嫌詐欺審判中面臨結案陳詞

By Jody Godoy
(Reuters) - Attorneys representing Terraform Labs and its enigmatic co-founder, Do Kwon, are poised to deliver their closing arguments on Friday in a high-stakes trial that has captivated the cryptocurrency industry. The Securities and Exchange Commission (SEC) has accused the Singapore-based company and Kwon of orchestrating a fraudulent scheme that duped investors and ultimately led to the catastrophic implosion of TerraUSD (UST), a stablecoin designed to maintain a stable value of $1.

作者：Jody Godoy（路透社）——Terraform Labs 及其神秘聯合創始人 Do Kwon 的代表律師準備在週五在一場吸引了加密貨幣行業的高風險審判中發表結案陳詞。美國證券交易委員會(SEC) 指控這家總部位於新加坡的公司和Kwon 策劃了一項欺詐計劃，欺騙投資者，並最終導致TerraUSD (UST) 的災難性內爆，TerraUSD 是一種旨在維持1 美元穩定幣值的穩定幣。

The SEC alleges that Terraform and Kwon engaged in a systematic campaign of deception, painting a rosy picture of UST's stability while concealing its inherent vulnerabilities. The regulator further contends that the defendants made false and misleading claims about the widespread adoption of Terraform's blockchain technology by the popular Korean mobile payment application Chai.

SEC 指控 Terraform 和 Kwon 參與了系統性的欺騙活動，為 UST 的穩定性描繪了一幅美好的圖景，同時掩蓋了其固有的漏洞。監管機構進一步指出，被告對韓國流行的行動支付應用程式 Chai 廣泛採用 Terraform 的區塊鏈技術做出了虛假和誤導性的指控。

Terraform and Kwon's attorneys have vigorously defended their clients, arguing that the SEC has cherry-picked evidence and misconstrued their statements. They maintain that the plaintiffs have relied heavily on the testimony of disgruntled former employees who are motivated by the prospect of whistleblower rewards if the SEC prevails.

Terraform 和 Kwon 的律師極力為他們的客戶辯護，辯稱 SEC 精心挑選了證據並誤解了他們的陳述。他們認為，原告在很大程度上依賴心懷不滿的前員工的證詞，這些前員工的動機是如果美國證券交易委員會獲勝，舉報人將獲得獎勵。

The outcome of this closely watched trial will have far-reaching implications for the nascent cryptocurrency sector. The SEC seeks to impose crippling financial penalties on Terraform and Kwon and bar them from participating in the securities industry. The regulator's victory would send a strong message that it will not tolerate fraud and abuse in the cryptocurrency market.

這項備受關注的審判的結果將對新興的加密貨幣產業產生深遠的影響。美國證券交易委員會尋求對 Terraform 和 Kwon 處以嚴厲的經濟處罰，並禁止他們參與證券業。監管機構的勝利將發出一個強烈的訊息，即它不會容忍加密貨幣市場中的詐欺和濫用。

Kwon, who was apprehended in Montenegro in March 2023, has not appeared at the trial, which commenced on March 25. Both the United States and South Korea, where Kwon holds citizenship, have issued extradition requests for him on separate criminal charges.

權於 2023 年 3 月在黑山被捕，目前尚未出庭於 3 月 25 日開始的審判。權擁有公民身份的美國和韓國都已就單獨的刑事指控向他發出引渡請求。

Kwon is the mastermind behind TerraUSD and Luna, a companion token whose value fluctuated in the open market but was closely tied to UST. The SEC estimates that investors collectively lost over $40 billion in the two tokens when UST's peg to the dollar crumbled in May 2022.

Kwon 是 TerraUSD 和 Luna 背後的策劃者，Luna 是一種伴隨代幣，其價值在公開市場波動，但與 UST 密切相關。美國證券交易委員會估計，當 2022 年 5 月 UST 與美元掛鉤的崩盤時，這兩種代幣的投資者總共損失了超過 400 億美元。

The collapse of the Terra ecosystem sent shockwaves through the cryptocurrency industry, dragging down the value of other cryptocurrencies, including Bitcoin, and triggering a contagion эффект that pushed several cryptocurrency companies into bankruptcy.

Terra生態系統的崩潰給加密貨幣行業帶來了衝擊，拖累了包括比特幣在內的其他加密貨幣的價值，並引發了連鎖反應，導致多家加密貨幣公司破產。

The SEC alleges that Kwon and Terraform clandestinely arranged for a third party to purchase massive quantities of UST to artificially inflate its price when the stablecoin first lost its peg in May 2021. Kwon then falsely attributed the price recovery to the robustness of UST's algorithmic mechanisms, according to the regulator.

SEC 指控 Kwon 和 Terraform 秘密安排第三方購買大量 UST，以在穩定幣 2021 年 5 月首次失去錨定匯率時人為抬高其價格。Kwon 隨後錯誤地將價格回升歸因於 UST 演算法機制​​的穩健性，據監管機構稱。

Additionally, the SEC asserts that Terraform and Kwon falsely represented that their blockchain was the underlying technology powering the Chai payment app, which supposedly processed and settled transactions between customers and merchants.

此外，SEC 聲稱 Terraform 和 Kwon 錯誤地表示他們的區塊鏈是為 Chai 支付應用程式提供動力的基礎技術，該應用程式據稱可以處理和結算客戶和商家之間的交易。

As the closing arguments approach, the jury will be tasked with evaluating a vast body of evidence and determining whether Terraform and Kwon engaged in a deliberate scheme to mislead investors and whether their actions violated federal securities laws. The verdict will shape the regulatory landscape for the cryptocurrency industry and set a precedent for future enforcement actions.

隨著結案陳詞的臨近，陪審團將負責評估大量證據，並確定 Terraform 和 Kwon 是否參與了故意誤導投資者的計劃，以及他們的行為是否違反了聯邦證券法。該判決將塑造加密貨幣產業的監管格局，並為未來的執法行動樹立先例。