Terraform 创始人在欺诈审判中面临结案陈词

在即将到来的审判的结案陈词中，Terraform Labs 及其创始人 Do Kwon 的律师将在 2022 年 TerraUSD 稳定币崩溃之前解决欺骗投资者的指控。美国证券交易委员会 (SEC) 指控他们在 TerraUSD 稳定性方面误导投资者，并虚假声称其区块链在韩国支付应用程序中的使用。 Kwon 和 Terraform 的辩护坚称，SEC 误解了声明，并依赖有偏见的证人寻求举报人报酬。

Terraform Labs Founders Face Closing Arguments in Alleged Fraud Trial

Terraform Labs 创始人在涉嫌欺诈审判中面临结案陈词

By Jody Godoy
(Reuters) - Attorneys representing Terraform Labs and its enigmatic co-founder, Do Kwon, are poised to deliver their closing arguments on Friday in a high-stakes trial that has captivated the cryptocurrency industry. The Securities and Exchange Commission (SEC) has accused the Singapore-based company and Kwon of orchestrating a fraudulent scheme that duped investors and ultimately led to the catastrophic implosion of TerraUSD (UST), a stablecoin designed to maintain a stable value of $1.

作者：Jody Godoy（路透社）——Terraform Labs 及其神秘联合创始人 Do Kwon 的代表律师准备于周五在一场吸引了加密货币行业的高风险审判中发表结案陈词。美国证券交易委员会 (SEC) 指控这家总部位于新加坡的公司和 Kwon 策划了一项欺诈计划，欺骗投资者，并最终导致 TerraUSD (UST) 的灾难性内爆，TerraUSD 是一种旨在维持 1 美元稳定币值的稳定币。

The SEC alleges that Terraform and Kwon engaged in a systematic campaign of deception, painting a rosy picture of UST's stability while concealing its inherent vulnerabilities. The regulator further contends that the defendants made false and misleading claims about the widespread adoption of Terraform's blockchain technology by the popular Korean mobile payment application Chai.

SEC 指控 Terraform 和 Kwon 参与了系统性的欺骗活动，为 UST 的稳定性描绘了一幅美好的图景，同时掩盖了其固有的漏洞。监管机构进一步指出，被告对韩国流行的移动支付应用程序 Chai 广泛采用 Terraform 的区块链技术做出了虚假和误导性的指控。

Terraform and Kwon's attorneys have vigorously defended their clients, arguing that the SEC has cherry-picked evidence and misconstrued their statements. They maintain that the plaintiffs have relied heavily on the testimony of disgruntled former employees who are motivated by the prospect of whistleblower rewards if the SEC prevails.

Terraform 和 Kwon 的律师极力为他们的客户辩护，辩称 SEC 精心挑选了证据并误解了他们的陈述。他们认为，原告在很大程度上依赖于心怀不满的前雇员的证词，这些前雇员的动机是如果美国证券交易委员会获胜，举报人将获得奖励。

The outcome of this closely watched trial will have far-reaching implications for the nascent cryptocurrency sector. The SEC seeks to impose crippling financial penalties on Terraform and Kwon and bar them from participating in the securities industry. The regulator's victory would send a strong message that it will not tolerate fraud and abuse in the cryptocurrency market.

这项备受关注的审判的结果将对新兴的加密货币行业产生深远的影响。美国证券交易委员会寻求对 Terraform 和 Kwon 处以严厉的经济处罚，并禁止他们参与证券行业。监管机构的胜利将发出一个强烈的信息，即它不会容忍加密货币市场中的欺诈和滥用行为。

Kwon, who was apprehended in Montenegro in March 2023, has not appeared at the trial, which commenced on March 25. Both the United States and South Korea, where Kwon holds citizenship, have issued extradition requests for him on separate criminal charges.

权于 2023 年 3 月在黑山被捕，目前尚未出庭于 3 月 25 日开始的审判。权拥有公民身份的美国和韩国都已就单独的刑事指控向他发出引渡请求。

Kwon is the mastermind behind TerraUSD and Luna, a companion token whose value fluctuated in the open market but was closely tied to UST. The SEC estimates that investors collectively lost over $40 billion in the two tokens when UST's peg to the dollar crumbled in May 2022.

Kwon 是 TerraUSD 和 Luna 背后的策划者，Luna 是一种伴随代币，其价值在公开市场波动，但与 UST 密切相关。美国证券交易委员会估计，当 2022 年 5 月 UST 与美元挂钩的崩溃时，这两种代币的投资者总共损失了超过 400 亿美元。

The collapse of the Terra ecosystem sent shockwaves through the cryptocurrency industry, dragging down the value of other cryptocurrencies, including Bitcoin, and triggering a contagion эффект that pushed several cryptocurrency companies into bankruptcy.

Terra生态系统的崩溃给加密货币行业带来了冲击，拖累了包括比特币在内的其他加密货币的价值，并引发了连锁反应，导致多家加密货币公司破产。

The SEC alleges that Kwon and Terraform clandestinely arranged for a third party to purchase massive quantities of UST to artificially inflate its price when the stablecoin first lost its peg in May 2021. Kwon then falsely attributed the price recovery to the robustness of UST's algorithmic mechanisms, according to the regulator.

SEC 指控 Kwon 和 Terraform 秘密安排第三方购买大量 UST，以在稳定币 2021 年 5 月首次失去锚定汇率时人为抬高其价格。Kwon 随后错误地将价格回升归因于 UST 算法机制的稳健性，据监管机构称。

Additionally, the SEC asserts that Terraform and Kwon falsely represented that their blockchain was the underlying technology powering the Chai payment app, which supposedly processed and settled transactions between customers and merchants.

此外，SEC 声称 Terraform 和 Kwon 错误地表示他们的区块链是为 Chai 支付应用程序提供动力的基础技术，该应用程序据称可以处理和结算客户和商家之间的交易。

As the closing arguments approach, the jury will be tasked with evaluating a vast body of evidence and determining whether Terraform and Kwon engaged in a deliberate scheme to mislead investors and whether their actions violated federal securities laws. The verdict will shape the regulatory landscape for the cryptocurrency industry and set a precedent for future enforcement actions.

随着结案陈词的临近，陪审团将负责评估大量证据，并确定 Terraform 和 Kwon 是否参与了故意误导投资者的计划，以及他们的行为是否违反了联邦证券法。该判决将塑造加密货币行业的监管格局，并为未来的执法行动树立先例。