美国 SEC 指控 Terraform 实验室精心策划了数十亿美元的加密货币欺诈

美国证券交易委员会 (SEC) 对 Terraform Labs 提起诉讼，指控其以未经注册的方式将加密资产作为证券出售，创建了一个欺诈性的区块链帝国，导致投资者损失数十亿美元。 SEC 声称 TerraUSD 和 Luna 的双代币系统本质上不稳定，而 Terraform Labs 对其代币作为证券的分类存在争议，并声称遵守现有法规。该审判的结果可能会为类似案件的处理建立法律先例，并影响美国数字资产的监管格局，凸显对投资者保护和加密货币公司问责制的更广泛影响。

United States Securities and Exchange Commission Alleges Terraform Labs Orchestrated a Multi-Billion Dollar "Fraudulent Empire"

美国证券交易委员会指控 Terraform Labs 精心策划了一个价值数十亿美元的“欺诈帝国”

New York, NY (March 15, 2023) – The United States Securities and Exchange Commission (SEC) has filed a comprehensive lawsuit against Terraform Labs PTE Ltd., alleging a systematic scheme to deceive investors in the Terra ecosystem, resulting in billions of dollars in lost wealth.

纽约州纽约（2023 年 3 月 15 日）——美国证券交易委员会 (SEC) 对 Terraform Labs PTE Ltd. 提起全面诉讼，指控其存在系统性计划，欺骗 Terra 生态系统的投资者，造成数十亿美元损失在失去的财富中。

The SEC's complaint, filed in the United States District Court for the Southern District of New York, charges Terraform Labs, its co-founder Do Kwon, and other affiliated parties with engaging in "false and misleading statements" and "unfair and fraudulent practices" in connection with the sale of the TerraUSD (UST) stablecoin and its sister token Luna.

美国证券交易委员会向纽约南区美国地方法院提起诉讼，指控 Terraform Labs、其联合创始人 Do Kwon 以及其他关联方参与“虚假和误导性陈述”以及“不公平和欺诈行为”与 TerraUSD (UST) 稳定币及其姐妹代币 Luna 的销售有关。

Central to the SEC's case is the allegation that Terraform Labs failed to register UST and Luna as securities, despite their status as investment contracts under federal law. The complaint asserts that Terraform Labs "intentionally and recklessly" misled investors about the risks associated with investing in these crypto assets, presenting them as more secure and profitable than was the case.

SEC 案件的核心是指控 Terraform Labs 未能将 UST 和 Luna 注册为证券，尽管它们根据联邦法律属于投资合同。诉状称，Terraform Labs “故意且鲁莽地”误导投资者有关投资这些加密资产的相关风险，将其描述为比实际情况更安全、更有利可图。

The SEC further alleges that Terraform Labs created an unstable and interconnected system that was destined to fail. The complaint describes the relationship between UST and Luna as "circular and interdependent," with UST's peg to the US dollar dependent on the demand for Luna. This design, the SEC argues, inherently increased the risk of a crash, which ultimately occurred in May 2022, resulting in billions of dollars in investor losses.

SEC 进一步指控 Terraform Labs 创建了一个不稳定且相互关联的系统，注定会失败。该投诉将 UST 与 Luna 之间的关系描述为“循环且相互依存”，UST 与美元的挂钩取决于对 Luna 的需求。 SEC 认为，这种设计本质上增加了崩盘风险，崩盘最终发生在 2022 年 5 月，导致投资者损失数十亿美元。

Terraform Labs has denied the SEC's allegations, claiming that its tokens were not securities and that it has always acted in compliance with applicable regulations. The company's defense is expected to focus on the technical complexities of cryptocurrency definitions and the uncertain regulatory landscape for digital assets.

Terraform Labs 否认了 SEC 的指控，声称其代币不是证券，并且其行为始终遵守适用的法规。该公司的辩护预计将集中在加密货币定义的技术复杂性和数字资产不确定的监管环境上。

The outcome of this case is highly anticipated within the cryptocurrency industry, as it has the potential to shape the future of cryptocurrency regulation in the United States. A favorable outcome for the SEC could embolden the agency to pursue other crypto firms with greater vigor, reshaping the regulatory landscape for digital assets.

此案的结果在加密货币行业内备受期待，因为它有可能塑造美国加密货币监管的未来。如果美国证券交易委员会获得有利的结果，可能会鼓励该机构以更大的力度追查其他加密货币公司，从而重塑数字资产的监管格局。

The SEC's lawsuit also highlights the broader implications for investor protection and market stability in the rapidly evolving world of cryptocurrencies. The collapse of the Terra ecosystem sent shockwaves throughout the industry, raising concerns about the viability of algorithmic stablecoins and the need for robust regulatory oversight.

美国证券交易委员会的诉讼还强调了快速发展的加密货币世界对投资者保护和市场稳定的更广泛影响。 Terra 生态系统的崩溃给整个行业带来了冲击，引发了人们对算法稳定币可行性和强有力监管需求的担忧。

As the trial progresses, the complex interplay between blockchain innovation and investor protection will be closely scrutinized. The proceedings are expected to have significant implications for the future of Terraform Labs and its executives, as well as the broader cryptocurrency industry.

随着审判的进展，区块链创新和投资者保护之间复杂的相互作用将受到密切关注。预计该诉讼将对 Terraform Labs 及其高管以及更广泛的加密货币行业的未来产生重大影响。