Terraform 和 Do Kwon 被判对加密货币崩溃中的民事欺诈负责

曼哈顿陪审团裁定 Terraform Labs 及其首席执行官 Do Kwon 应对民事欺诈负责，认为他们在 2022 年稳定币 TerraUSD 崩溃之前误导了投资者，导致投资者损失超过 400 亿美元。 SEC 指控 Terraform 和 Kwon 对 TerraUSD 的稳定性和 Terraform 的区块链使用做出虚假声明，导致加密市场产生严重后果。

Terraform Labs and Do Kwon Found Liable for Civil Fraud in Historic Cryptocurrency Case

Terraform Labs 和 Do Kwon 在历史性加密货币案件中被判承担民事欺诈责任

A Manhattan jury has unanimously found Singapore-based Terraform Labs and its founder, Do Kwon, liable for civil fraud charges related to the collapse of the UST stablecoin and LUNA token in 2022. The U.S. Securities and Exchange Commission (SEC) successfully argued that Terraform and Kwon misled investors about the stability and viability of their cryptocurrency offerings.

曼哈顿陪审团一致认定，总部位于新加坡的 Terraform Labs 及其创始人 Do Kwon 对 2022 年 UST 稳定币和 LUNA 代币崩溃相关的民事欺诈指控负有责任。美国证券交易委员会 (SEC) 成功辩称，Terraform和 Kwon 在其加密货币产品的稳定性和可行性方面误导了投资者。

The verdict marks a significant milestone in the regulation of the cryptocurrency industry, establishing that digital assets can be subject to federal securities laws. The SEC's relentless pursuit of this case sends a clear message that the agency will not tolerate fraudulent practices and misrepresentations within the crypto market.

该判决标志着加密货币行业监管的一个重要里程碑，确立了数字资产可以受到联邦证券法的管辖。美国证券交易委员会对此案的不懈追查发出了一个明确的信息：该机构不会容忍加密货币市场中的欺诈行为和失实陈述。

Misleading Investors: A Case of Broken Promises

误导投资者：违背承诺的案例

According to the SEC's complaint, Terraform Labs and Kwon made false and misleading statements about the stability of TerraUSD (UST), a stablecoin pegged to the value of the US dollar. Investors were lured into believing that UST was a safe and reliable investment, backed by robust algorithms and partnerships.

根据 SEC 的投诉，Terraform Labs 和 Kwon 对与美元价值挂钩的稳定币 TerraUSD (UST) 的稳定性做出了虚假和误导性的陈述。投资者被诱惑相信 UST 是一项安全可靠的投资，有强大的算法和合作伙伴支持。

However, the SEC presented evidence demonstrating that UST's stability was not as solid as claimed. The defendants allegedly arranged for third-party purchases of UST to manipulate its price and maintain its peg to the dollar. These undisclosed actions artificially inflated UST's value and misled investors into believing it was a risk-averse investment.

然而，SEC 提供的证据表明 UST 的稳定性并不像声称的那么可靠。被告据称安排第三方购买 UST 来操纵其价格并维持与美元挂钩。这些未公开的行为人为地抬高了 UST 的价值，并误导投资者认为这是一项规避风险的投资。

False Claims and Misleading Marketing

虚假声明和误导性营销

The SEC also accused Terraform and Kwon of falsely claiming that their blockchain technology was used to process transactions on the popular Korean mobile payment app Chai. This false endorsement allegedly gave Terraform an air of legitimacy and attracted unsuspecting investors.

美国证券交易委员会还指控 Terraform 和 Kwon 错误地声称他们的区块链技术用于处理韩国流行的移动支付应用程序 Chai 上的交易。据称，这种虚假认可给 Terraform 带来了合法性，并吸引了毫无戒心的投资者。

Terraform's attorney, Louis Pellegrino, argued that the SEC's case relied on statements taken out of context and that the company had been truthful about its products. However, the jury was not swayed by these arguments, finding that Terraform and Kwon had deliberately misled investors for their own financial gain.

Terraform 的律师 Louis Pellegrino 辩称，SEC 的案件依赖于断章取义的陈述，并且该公司对其产品的描述是真实的。然而，陪审团并没有被这些论点所动摇，认为 Terraform 和 Kwon 故意误导投资者以谋取自己的经济利益。

Consequences for the Crypto Market

对加密货币市场的影响

The collapse of UST and LUNA sent shockwaves through the cryptocurrency market, causing widespread panic and losses. The SEC estimated that investors lost over $40 billion as a result of the fraud. The verdict not only holds Terraform and Kwon accountable but also serves as a warning to other companies operating in the crypto space.

UST和LUNA的崩盘给加密货币市场带来了冲击，造成了广泛的恐慌和损失。美国证券交易委员会 (SEC) 估计，投资者因该欺诈行为损失了超过 400 亿美元。该判决不仅追究 Terraform 和 Kwon 的责任，而且对其他在加密货币领域运营的公司提出了警告。

Seeking Justice and Redemption

寻求正义与救赎

The SEC is seeking civil financial penalties and orders barring Terraform and Kwon from the securities industry. Judge Jed Rakoff will determine the appropriate sanctions in the coming weeks after considering arguments from both parties.

美国证券交易委员会正在寻求民事经济处罚和禁止 Terraform 和 Kwon 进入证券行业的命令。杰德·拉考夫法官将在考虑双方的论点后在未来几周内决定适当的制裁。

Terraform has expressed disappointment at the verdict and is evaluating its options, including an appeal. However, the SEC's victory marks a significant step towards protecting investors in the rapidly evolving world of cryptocurrencies.

Terraform 对判决表示失望，并正在评估其选择，包括上诉。然而，美国证券交易委员会的胜利标志着在快速发展的加密货币世界中向保护投资者迈出的重要一步。

A Watershed Moment for Cryptocurrency Regulation

加密货币监管的分水岭

This landmark case sets an important precedent for the regulation of the cryptocurrency industry. The SEC has demonstrated its willingness and ability to enforce securities laws against crypto companies that engage in fraudulent practices. This will undoubtedly have a chilling effect on those who consider exploiting the lack of regulation in the crypto space.

这一具有里程碑意义的案例为加密货币行业的监管树立了重要先例。美国证券交易委员会已经展示了其对从事欺诈行为的加密货币公司执行证券法的意愿和能力。这无疑会对那些考虑利用加密货币领域缺乏监管的人产生寒蝉效应。

The verdict sends a clear message that the SEC is committed to protecting investors and ensuring the integrity of the financial markets. It is high time for cryptocurrency companies to come into compliance and operate with transparency and accountability. The era of unregulated crypto scams is coming to an end.

该判决发出了明确的信息，即美国证券交易委员会致力于保护投资者并确保金融市场的完整性。现在是加密货币公司遵守法规并以透明和负责任的方式运营的时候了。不受监管的加密货币诈骗时代即将结束。