Terraform 和 Do Kwon 被判對加密貨幣崩潰中的民事詐欺負責

曼哈頓陪審團裁定 Terraform Labs 及其執行長 Do Kwon 應對民事詐欺負責，認為他們在 2022 年穩定幣 TerraUSD 崩潰之前誤導了投資者，導致投資者損失超過 400 億美元。 SEC 指控 Terraform 和 Kwon 對 TerraUSD 的穩定性和 Terraform 的區塊鏈使用做出虛假聲明，導致加密市場產生嚴重後果。

Terraform Labs and Do Kwon Found Liable for Civil Fraud in Historic Cryptocurrency Case

Terraform Labs 和 Do Kwon 在歷史性加密貨幣案件中被判承擔民事詐欺責任

A Manhattan jury has unanimously found Singapore-based Terraform Labs and its founder, Do Kwon, liable for civil fraud charges related to the collapse of the UST stablecoin and LUNA token in 2022. The U.S. Securities and Exchange Commission (SEC) successfully argued that Terraform and Kwon misled investors about the stability and viability of their cryptocurrency offerings.

曼哈頓陪審團一致認定，總部位於新加坡的 Terraform Labs 及其創始人 Do Kwon 對 2022 年 UST 穩定幣和 LUNA 代幣崩潰相關的民事欺詐指控負有責任。美國證券交易委員會 (SEC) 成功辯稱，Terraform和Kwon 在其加密貨幣產品的穩定性和可行性方面誤導了投資者。

The verdict marks a significant milestone in the regulation of the cryptocurrency industry, establishing that digital assets can be subject to federal securities laws. The SEC's relentless pursuit of this case sends a clear message that the agency will not tolerate fraudulent practices and misrepresentations within the crypto market.

該判決標誌著加密貨幣行業監管的一個重要里程碑，確立了數位資產可以受到聯邦證券法的管轄。美國證券交易委員會對此案的不懈追查發出了一個明確的訊息：該機構不會容忍加密貨幣市場中的詐欺行為和不實陳述。

Misleading Investors: A Case of Broken Promises

誤導投資者：違背承諾的案例

According to the SEC's complaint, Terraform Labs and Kwon made false and misleading statements about the stability of TerraUSD (UST), a stablecoin pegged to the value of the US dollar. Investors were lured into believing that UST was a safe and reliable investment, backed by robust algorithms and partnerships.

根據 SEC 的投訴，Terraform Labs 和 Kwon 對與美元價值掛鉤的穩定幣 TerraUSD (UST) 的穩定性做出了虛假和誤導性的陳述。投資人被誘惑相信 UST 是安全可靠的投資，有強大的演算法和合作夥伴支持。

However, the SEC presented evidence demonstrating that UST's stability was not as solid as claimed. The defendants allegedly arranged for third-party purchases of UST to manipulate its price and maintain its peg to the dollar. These undisclosed actions artificially inflated UST's value and misled investors into believing it was a risk-averse investment.

然而，SEC 提供的證據表明 UST 的穩定性並不像聲稱的那麼可靠。被告據稱安排第三方購買 UST 來操縱其價格並維持與美元掛鉤。這些未公開的行為人為地抬高了 UST 的價值，並誤導投資者認為這是一項規避風險的投資。

False Claims and Misleading Marketing

虛假聲明和誤導性行銷

The SEC also accused Terraform and Kwon of falsely claiming that their blockchain technology was used to process transactions on the popular Korean mobile payment app Chai. This false endorsement allegedly gave Terraform an air of legitimacy and attracted unsuspecting investors.

美國證券交易委員會還指控 Terraform 和 Kwon 錯誤地聲稱他們的區塊鏈技術用於處理韓國流行的行動支付應用程式 Chai 上的交易。據稱，這種虛假認可為 Terraform 帶來了合法性，並吸引了毫無戒心的投資者。

Terraform's attorney, Louis Pellegrino, argued that the SEC's case relied on statements taken out of context and that the company had been truthful about its products. However, the jury was not swayed by these arguments, finding that Terraform and Kwon had deliberately misled investors for their own financial gain.

Terraform 的律師 Louis Pellegrino 辯稱，SEC 的案件依賴於斷章取義的陳述，而該公司對其產品的描述是真實的。然而，陪審團並沒有被這些論點所動搖，認為 Terraform 和 Kwon 故意誤導投資者以謀取自己的經濟利益。

Consequences for the Crypto Market

對加密貨幣市場的影響

The collapse of UST and LUNA sent shockwaves through the cryptocurrency market, causing widespread panic and losses. The SEC estimated that investors lost over $40 billion as a result of the fraud. The verdict not only holds Terraform and Kwon accountable but also serves as a warning to other companies operating in the crypto space.

UST和LUNA的崩盤為加密貨幣市場帶來了衝擊，造成了廣泛的恐慌和損失。美國證券交易委員會 (SEC) 估計，投資者因該詐欺行為損失了超過 400 億美元。該判決不僅追究 Terraform 和 Kwon 的責任，而且對其他在加密貨幣領域運營的公司提出了警告。

Seeking Justice and Redemption

尋求正義與救贖

The SEC is seeking civil financial penalties and orders barring Terraform and Kwon from the securities industry. Judge Jed Rakoff will determine the appropriate sanctions in the coming weeks after considering arguments from both parties.

美國證券交易委員會正在尋求民事經濟處罰和禁止 Terraform 和 Kwon 進入證券行業的命令。傑德·拉考夫法官將在考慮雙方的論點後在未來幾週內決定適當的製裁。

Terraform has expressed disappointment at the verdict and is evaluating its options, including an appeal. However, the SEC's victory marks a significant step towards protecting investors in the rapidly evolving world of cryptocurrencies.

Terraform 對判決表示失望，並正在評估其選擇，包括上訴。然而，美國證券交易委員會的勝利標誌著在快速發展的加密貨幣世界中向保護投資者邁出的重要一步。

A Watershed Moment for Cryptocurrency Regulation

加密貨幣監管的分水嶺

This landmark case sets an important precedent for the regulation of the cryptocurrency industry. The SEC has demonstrated its willingness and ability to enforce securities laws against crypto companies that engage in fraudulent practices. This will undoubtedly have a chilling effect on those who consider exploiting the lack of regulation in the crypto space.

這個具有里程碑意義的案例為加密貨幣產業的監管樹立了重要先例。美國證券交易委員會已經展示了其對從事詐欺行為的加密貨幣公司執行證券法的意願和能力。這無疑會對那些考慮利用加密貨幣領域缺乏監管的人產生寒蟬效應。

The verdict sends a clear message that the SEC is committed to protecting investors and ensuring the integrity of the financial markets. It is high time for cryptocurrency companies to come into compliance and operate with transparency and accountability. The era of unregulated crypto scams is coming to an end.

該判決發出了明確的訊息，即美國證券交易委員會致力於保護投資者並確保金融市場的完整性。現在是加密貨幣公司遵守法規並以透明和負責任的方式運作的時候了。不受監管的加密貨​​幣詐騙時代即將結束。