SEC 要求对 Terraform 加密货币欺诈案处以破纪录的 5.3B 美元罚款

联邦监管机构寻求对 Terraform Labs 及其创始人 Do Kwon 处以 53 亿美元的罚款。美国证券交易委员会 (SEC) 指控 2022 年 Terra-Luna 倒闭事件存在欺诈行为，并要求返还 47 亿美元的非法所得和利息以及民事罚款。 Terraform Labs 对拟议的罚款提出异议，而 SEC 则认为，考虑到 Kwon 的利润，这一处罚是保守的。

SEC Demands a Record-Breaking $5.3 Billion Penalty for Terraform and Co-Founder Do Kwon's Fraudulent Scheme

SEC 要求对 Terraform 及其联合创始人 Do Kwon 的欺诈计划处以创纪录的 53 亿美元罚款

In a decisive move against crypto fraud, the U.S. Securities and Exchange Commission (SEC) has filed a court request seeking a staggering $5.3 billion fine against Terraform Labs and its co-founder, Do Kwon. This unprecedented penalty stems from a recent verdict that held the defendants liable for a multi-billion-dollar fraud scheme that defrauded countless investors.

为了打击加密欺诈，美国证券交易委员会 (SEC) 已向法院提出请求，要求对 Terraform Labs 及其联合创始人 Do Kwon 处以 53 亿美元的巨额罚款。这一史无前例的处罚源于最近的一项判决，该判决要求被告对诈骗无数投资者的数十亿美元的欺诈计划承担责任。

The SEC's comprehensive filing demands that Kwon and Terraform pay $4.7 billion in disgorgement and interest as restitution for their involvement in the disastrous collapse of Terra-Luna in 2022. Additionally, the SEC seeks substantial civil penalties of $420 million for Terraform and $100 million for Kwon, sending a clear message that such misconduct will not be tolerated in the financial markets.

SEC 的综合文件要求 Kwon 和 Terraform 支付 47 亿美元的非法所得和利息，作为他们参与 2022 年 Terra-Luna 灾难性倒塌的赔偿。此外，SEC 还要求对 Terraform 处以 4.2 亿美元，对 Kwon 处以 1 亿美元的巨额民事罚款。 ，发出明确的信息，即金融市场不会容忍此类不当行为。

The SEC's unwavering stance is reflected in its court filing, which states: "The Court should send an unequivocal message that this sort of brazen misconduct, and Defendants' misbegotten attempt to excuse their behavior by crafting new rules and standards of behavior for crypto markets in contravention of the federal securities laws [...] will not be tolerated."

美国证券交易委员会的坚定立场反映在其法庭文件中，其中指出：“法院应该发出明确的信息，表明这种无耻的不当行为，以及被告试图通过为加密货币市场制定新的行为规则和标准来为自己的行为开脱。违反联邦证券法的行为[...]是不会被容忍的。”

In a civil court case held in New York, a jury found Kwon and Terraform Labs liable for misleading investors about the safety and stability of their algorithmic stablecoin, Terra USD (UST), and the utility of its underlying blockchain. Investors, lured by deceptive claims, purchased over $2 billion worth of UST from exchanges and other trading platforms.

在纽约举行的民事法庭案件中，陪审团裁定 Kwon 和 Terraform Labs 在其算法稳定币 Terra USD (UST) 的安全性和稳定性及其底层区块链的实用性方面误导投资者。投资者在欺骗性说法的诱惑下，从交易所和其他交易平台购买了价值超过 20 亿美元的 UST。

The SEC strongly maintains that the proposed fines are "conservative" yet "reasonable," considering the immense profits Kwon amassed from Terraform's stablecoin venture despite its eventual failure. However, Terraform Labs contests the astronomical amount of the civil penalties, advocating for a maximum fine of $3.5 million, while Kwon has offered a meager $800,000 as compensation.

考虑到 Kwon 从 Terraform 的稳定币项目中获得了巨额利润，尽管该项目最终失败，美国证券交易委员会强烈认为，拟议的罚款是“保守”但“合理”的。然而，Terraform Labs 对天文数字的民事处罚提出异议，主张最高罚款 350 万美元，而 Kwon 则提出了微薄的 80 万美元作为赔偿。

In March, Terraform Labs received court approval to utilize its remaining funds to cover legal expenses. However, concerns have been raised over the company's allocation of up to $166 million in retainer payments to its legal team since 2023, a move that critics argue diverts essential funds away from creditors. This significant outlay poses a risk to the assets available for creditor repayment in the ongoing bankruptcy proceedings.

今年 3 月，Terraform Labs 获得法院批准，可以利用剩余资金支付法律费用。然而，自 2023 年以来，该公司向其法律团队分配高达 1.66 亿美元的保留金，引发了人们的担忧，批评者认为此举从债权人手中转移了重要资金。这笔巨额支出对正在进行的破产程序中可供债权人偿还的资产构成风险。

The SEC has also taken issue with Terraform's decision to engage the law firm Dentons, raising concerns that this move is intended to protect funds from potential judgments in the TerraUSD collapse lawsuit. Dentons, however, has agreed to return $48 million to Terraform and has accepted increased oversight from the bankruptcy court.

美国证券交易委员会还对 Terraform 聘请 Dentons 律师事务所的决定提出了质疑，引发了人们的担忧，认为此举旨在保护资金免受 TerraUSD 崩溃诉讼中潜在判决的影响。不过，Dentons 已同意向 Terraform 返还 4800 万美元，并接受破产法院加强监督。

Terraform Labs and its founder, Do Kwon, face legal proceedings in the United States stemming from the dramatic downfall of TerraUSD and its sister token, LUNA, in May 2022. The implosion of these digital assets erased billions in investor value, leading Terraform Labs to seek Chapter 11 bankruptcy protection in Delaware in January 2024.

由于 2022 年 5 月 TerraUSD 及其姐妹代币 LUNA 的急剧下跌，Terraform Labs 及其创始人 Do Kwon 在美国面临法律诉讼。这些数字资产的崩溃抹去了数十亿投资者的价值，导致 Terraform Labs于 2024 年 1 月在特拉华州寻求第 11 章破产保护。

Multiple enforcement agencies, financial regulators, and even Interpol have been pursuing Kwon for his alleged involvement in the collapse of the TerraUSD stablecoin and the Terra ecosystem.

多个执法机构、金融监管机构，甚至国际刑警组织都在追捕 Kwon，因为他涉嫌参与 TerraUSD 稳定币和 Terra 生态系统的崩溃。

The SEC's assertive pursuit of Terraform and Do Kwon sends a powerful message to the crypto industry and investors alike. It demonstrates the SEC's unwavering commitment to holding accountable those who engage in fraudulent schemes that undermine the integrity of financial markets. The outcome of this case will undoubtedly set a precedent and shape the future of crypto regulation.

SEC 对 Terraform 和 Do Kwon 的坚定追求向加密行业和投资者发出了强有力的信息。它表明美国证券交易委员会坚定不移地致力于追究那些参与破坏金融市场诚信的欺诈计划的人的责任。此案的结果无疑将开创先例，并塑造加密货币监管的未来。