主要加密货币高管在历史性欺诈案中被追究责任

在一项具有里程碑意义的裁决中，曼哈顿陪审团裁定 Do Kwon 和 Terraform Labs 在 SEC 发起的民事欺诈审判中承担责任。陪审团认为被告对误导投资者负责，导致UST稳定币在2022年崩盘，随后引发了加密货币市场崩盘。 Terraform Labs 对结果表示失望，表示他们将考虑自己的选择，而 SEC 则称赞该判决证明了加密货币行业合规性的必要性。

Landmark Ruling: Do Kwon and Terraform Labs Held Liable for Fraud in Historic SEC Trial

具有里程碑意义的裁决：Do Kwon 和 Terraform Labs 在 SEC 历史性审判中对欺诈承担责任

In a groundbreaking verdict that reverberated through the cryptocurrency world, a jury in the Southern District of New York found Do Kwon, the co-founder of Terraform Labs, and the company itself liable for misleading investors in the catastrophic collapse of the TerraUSD (UST) stablecoin in 2022. The landmark ruling represents a significant victory for the Securities and Exchange Commission (SEC), which brought the civil fraud lawsuit against Kwon and Terraform Labs.

在一项震惊加密货币世界的开创性判决中，纽约南区陪审团裁定 Terraform Labs 联合创始人 Do Kwon 以及该公司本身对 TerraUSD (UST) 的灾难性崩盘负有误导投资者的责任2022 年，稳定币问世。这一具有里程碑意义的裁决代表着美国证券交易委员会 (SEC) 的重大胜利，该委员会对 Kwon 和 Terraform Labs 提起了民事欺诈诉讼。

The jury's decision, reached after a two-week trial, followed closing arguments in a case that captivated the cryptocurrency community and raised fundamental questions about the regulation and oversight of digital assets. The SEC had accused Kwon and Terraform Labs of making false and misleading statements about the stability and risk profile of UST, a stablecoin pegged to the US dollar.

陪审团在经过两周的审判后做出的决定是在一个引起加密货币社区关注并提出有关数字资产监管和监督的基本问题的案件的结案陈词之后做出的。美国证券交易委员会指控 Kwon 和 Terraform Labs 对与美元挂钩的稳定币 UST 的稳定性和风险状况做出虚假和误导性陈述。

During the trial, the SEC presented evidence that Kwon and Terraform Labs misled investors about the safety and reliability of UST, falsely claiming that it was fully backed by reserves and that its value was stable. The jury found that these representations were false and that Kwon and Terraform Labs had failed to disclose material information about the risks associated with investing in UST.

在审判期间，SEC 提供的证据表明，Kwon 和 Terraform Labs 在 UST 的安全性和可靠性方面误导了投资者，错误地声称其完全由储备支持且其价值稳定。陪审团发现这些陈述是错误的，Kwon 和 Terraform Labs 未能披露有关投资 UST 相关风险的重要信息。

The collapse of UST in May 2022 triggered a wider market meltdown, contributing to the bankruptcy of several crypto companies and causing billions of dollars in losses to investors. The SEC's charges against Kwon and Terraform Labs allege that their misleading statements contributed significantly to the market crash.

2022 年 5 月 UST 的崩盘引发了更广泛的市场崩盘，导致多家加密货币公司破产，并给投资者造成了数十亿美元的损失。美国证券交易委员会对 Kwon 和 Terraform Labs 的指控称，他们的误导性陈述在很大程度上导致了市场崩盘。

In a statement following the verdict, SEC Enforcement Division Director Gurbir Grewal hailed the jury's decision as a vindication of the agency's efforts to protect investors in the rapidly evolving cryptocurrency market.

在判决后的一份声明中，SEC 执法部门主管 Gurbir Grewal 对陪审团的决定表示欢迎，认为该决定证明了该机构在快速发展的加密货币市场中为保护投资者所做的努力是正确的。

"For all of crypto's promises, the lack of registration and compliance have very real consequences for real people," Grewal said. "Today, a jury found that Do Kwon and Terraform Labs engaged in an unlawful scheme to defraud investors by promoting and selling unregistered securities while making false and misleading statements about their so-called stablecoin."

“对于加密货币的所有承诺，缺乏注册和合规性对现实中的人们产生了非常现实的后果，”格雷瓦尔说。 “今天，陪审团发现 Do Kwon 和 Terraform Labs 参与了一项非法计划，通过推销和销售未注册的证券来欺骗投资者，同时对其所谓的稳定币做出虚假和误导性陈述。”

The verdict against Kwon and Terraform Labs sends a clear message that the SEC will not tolerate fraud and misrepresentation in the cryptocurrency sector. It is expected to have a chilling effect on similar schemes and serve as a wake-up call to other companies operating in the digital asset space.

针对 Kwon 和 Terraform Labs 的判决发出了一个明确的信息，即 SEC 不会容忍加密货币领域的欺诈和失实陈述。预计这将对类似计划产生寒蝉效应，并为数字资产领域的其他公司敲响警钟。

Terraform Labs expressed disappointment with the verdict and stated that it was considering its options, including an appeal. However, the company's legal challenges are expected to face an uphill battle following the jury's overwhelming rejection of its defenses.

Terraform Labs 对判决表示失望，并表示正在考虑其选择，包括上诉。然而，在陪审团以压倒性多数驳回其抗辩后，该公司的法律挑战预计将面临一场艰苦的战斗。

The SEC's successful prosecution of Kwon and Terraform Labs is a significant step forward in the agency's efforts to bring order and accountability to the cryptocurrency market. It is a reminder that the law applies equally to all market participants, regardless of the novelty or complexity of the products they offer.

美国证券交易委员会成功起诉 Kwon 和 Terraform Labs，这是该机构为加密货币市场带来秩序和问责制的努力中向前迈出的重要一步。值得注意的是，该法律平等地适用于所有市场参与者，无论他们提供的产品是否新颖或复杂。

The verdict is likely to have far-reaching implications for the future of crypto regulation. It is expected to bolster the SEC's authority to police the digital asset space and encourage greater compliance with existing securities laws. It also highlights the need for policymakers to develop clear and comprehensive regulations for stablecoins and other digital assets.

该判决可能会对加密货币监管的未来产生深远的影响。预计它将增强美国证券交易委员会监管数字资产领域的权力，并鼓励更多地遵守现有证券法。它还强调政策制定者需要为稳定币和其他数字资产制定明确而全面的法规。

As the cryptocurrency industry continues to evolve, the SEC's victory in the Terraform Labs case sets an important precedent and establishes a clear legal framework for the development and operation of digital assets. By holding Kwon and Terraform Labs accountable for their fraudulent actions, the SEC has sent a strong signal that the Wild West days of the cryptocurrency market are over.

随着加密货币行业的不断发展，SEC在Terraform Labs案中的胜利树立了重要先例，并为数字资产的开发和运营建立了明确的法律框架。通过追究 Kwon 和 Terraform Labs 的欺诈行为责任，美国证券交易委员会发出了一个强烈的信号：加密货币市场的狂野西部时代已经结束。