SEC 针对 Terraform Labs 的诉讼 Do Kwon 即将结束

美国证券交易委员会针对 Terraform Labs 和 Do Kwon 提起的诉讼，指控欺诈活动导致 Terra-LUNA 稳定币投资者损失 600 亿美元，该诉讼已接近结束，定于周五进行结案陈词。在证据陈述和结案陈词之后，初步的陪审团指示将被详细的指示所取代。

SEC Lawsuit Against Terraform Labs and Do Kwon Nears Conclusion

SEC 针对 Terraform Labs 和 Do Kwon 的诉讼即将结束

The highly anticipated Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and its co-founder, Do Kwon, is approaching its culmination with closing arguments scheduled for this Friday. The case has garnered significant attention due to the allegations of fraudulent activities that led to the collapse of Terra-LUNA stablecoin, resulting in colossal investor losses.

备受期待的美国证券交易委员会 (SEC) 针对 Terraform Labs 及其联合创始人 Do Kwon 的诉讼即将进入高潮，定于本周五进行结案陈词。由于涉嫌欺诈活动导致 Terra-LUNA 稳定币崩溃，给投资者造成巨大损失，该案引起了广泛关注。

Allegations of Fraud and Investor Losses

欺诈和投资者损失的指控

The SEC has accused Terraform and its former CEO, Do Kwon, of engaging in fraudulent practices that culminated in the demise of their stablecoin, Terra-LUNA. The lawsuit alleges that Kwon intentionally misled investors about the stability of TerraUSD, a stablecoin designed to maintain a value of $1.

美国证券交易委员会指控 Terraform 及其前首席执行官 Do Kwon 从事欺诈行为，最终导致其稳定币 Terra-LUNA 的消亡。该诉讼指控 Kwon 在 TerraUSD 的稳定性方面故意误导投资者，TerraUSD 是一种旨在维持 1 美元价值的稳定币。

The SEC further contends that Terraform misrepresented the integration of its Terraform blockchain into Chai, a popular Korean mobile payment application. These alleged deceptive practices, according to the SEC, led to massive investor losses amounting to an estimated $60 billion in 2022.

SEC 进一步认为，Terraform 歪曲了将其 Terraform 区块链集成到韩国流行的移动支付应用程序 Chai 中的情况。据 SEC 称，这些所谓的欺骗行为导致 2022 年投资者损失估计达 600 亿美元。

Defense Arguments and Witness Testimony

辩护论点和证人证词

Throughout the trial, both parties have presented evidence and arguments to support their respective positions. Terraform and Kwon's defense has maintained that the SEC has misinterpreted statements and relied on biased witnesses who sought potential whistleblower rewards.

在整个庭审过程中，双方都提出了证据和论据来支持各自的立场。 Terraform 和 Kwon 的辩护坚称，SEC 误解了声明，并依赖有偏见的证人来寻求潜在的举报人奖励。

Brian Curran, Terraform Labs' former head of communications, testified against the company, providing insights into its alleged deceptive practices. Curran's testimony has been a key piece of evidence in the case, shedding light on Terraform's internal operations and the role of Do Kwon in its decision-making process.

Terraform Labs 前通讯主管 Brian Curran 出庭作证对该公司不利，提供了对其涉嫌欺骗行为的见解。 Curran 的证词是该案的关键证据，揭示了 Terraform 的内部运作以及 Do Kwon 在决策过程中的作用。

Extradition Proceedings and Criminal Charges

引渡程序和刑事指控

Do Kwon was apprehended in Montenegro in March 2023 but did not attend the trial. However, the United States and South Korea, Kwon's home country, have initiated extradition proceedings against him on separate criminal charges.

Do Kwon 于 2023 年 3 月在黑山被捕，但没有出席审判。然而，美国和权的祖国韩国已以单独的刑事指控对他启动引渡程序。

If extradited and convicted, Kwon could face significant penalties, including imprisonment and substantial fines. The extradition process is expected to be lengthy and complex, potentially delaying the resolution of the SEC lawsuit.

如果被引渡并定罪，权可能面临严厉处罚，包括监禁和巨额罚款。引渡过程预计将漫长而复杂，可能会延迟美国证券交易委员会诉讼的解决。

Impact on the Cryptocurrency Market

对加密货币市场的影响

The collapse of Terra-LUNA had a devastating impact on the cryptocurrency market. The stablecoin's failure to maintain its $1 peg triggered a sharp decline in TerraUSD and Luna tokens, leading to widespread losses for investors.

Terra-LUNA 的崩溃对加密货币市场产生了毁灭性的影响。该稳定币未能维持与 1 美元挂钩，引发了 TerraUSD 和 Luna 代币的大幅下跌，导致投资者遭受广泛损失。

The fallout from the Terra-LUNA collapse also extended to the broader cryptocurrency market, contributing to a significant market downturn. Several cryptocurrency companies, including some major exchanges, filed for bankruptcy in 2022 following the Terra-LUNA debacle.

Terra-LUNA 崩溃的影响也延伸到了更广泛的加密货币市场，导致市场严重低迷。 Terra-LUNA 崩溃后，包括一些主要交易所在内的多家加密货币公司于 2022 年申请破产。

SEC's Allegations of Price Manipulation

美国证券交易委员会 (SEC) 的价格操纵指控

The SEC has alleged that Kwon and Terraform Labs collaborated with a third party to artificially inflate the price of TerraUSD when it briefly lost its $1 peg in May 2021. According to the regulator's assertions, Kwon falsely attributed the price recovery to TerraUSD's algorithmic capabilities.

美国证券交易委员会 (SEC) 指控，Kwon 和 Terraform Labs 与第三方合作，在 2021 年 5 月短暂失去 1 美元锚定汇率时人为抬高 TerraUSD 的价格。根据监管机构的说法，Kwon 错误地将价格恢复归因于 TerraUSD 的算法能力。

Furthermore, the SEC has accused Terraform of falsely representing its Terraform blockchain as the underlying technology facilitating transactions between consumers and merchants on the Chai payment app.

此外，SEC 还指控 Terraform 错误地将其 Terraform 区块链描述为促进消费者和商家在 Chai 支付应用程序上进行交易的基础技术。

Jury Instructions and Closing Arguments

陪审团指示和结案陈词

As the trial reaches its closing stages, Judge Rakoff is expected to provide the jury with detailed instructions summarizing the case and the legal principles they must consider in their deliberations.

随着审判进入最后阶段，拉科夫法官预计将向陪审团提供详细指示，总结案件以及他们在审议中必须考虑的法律原则。

Following the closing arguments by both parties, the jury will be tasked with deciding whether Terraform and Do Kwon are liable for the alleged fraudulent activities. The jury's verdict will have significant implications for the future of cryptocurrency regulation and the potential liabilities of stablecoin issuers.

在双方进行结案陈词后，陪审团将负责决定 Terraform 和 Do Kwon 是否对涉嫌的欺诈活动承担责任。陪审团的裁决将对加密货币监管的未来和稳定币发行人的潜在责任产生重大影响。