Terraform Labs 受审 400 亿美元 TerraUSD 崩溃：SEC 案件正在接受审查

Terraform Labs 因涉嫌与 TerraUSD 稳定币崩溃相关的欺诈指控而在美国面临民事审判，该事件导致投资者资产损失约 400 亿美元。美国证券交易委员会正在寻求法院命令，禁止 Terraform Labs 和 Do Kwon 今后不再违反美国证券法，并寻求民事处罚和没收非法所得。

Terraform Labs Faces Trial Over $40 Billion TerraUSD Collapse

Terraform Labs 面临超过 400 亿美元的审判 TerraUSD 崩溃

Will the SEC's Case Hold Water?

SEC 的案件能站得住脚吗？

The SEC's allegations center around Terraform Labs' supposed "deceitful practices" in promoting TerraUSD. They claim the company misled investors about the stability of the stablecoin and its relationship with the Chai payment app. Terraform Labs vehemently denies these accusations, arguing that cryptocurrencies are not securities under the Howey test. The jury will weigh the evidence and determine if Terraform Labs violated US securities laws.

SEC 的指控主要围绕 Terraform Labs 在推广 TerraUSD 时所谓的“欺骗行为”。他们声称该公司在稳定币的稳定性及其与 Chai 支付应用程序的关系方面误导了投资者。 Terraform Labs 强烈否认这些指控，认为加密货币不是豪伊测试下的证券。陪审团将权衡证据并确定 Terraform Labs 是否违反了美国证券法。

Do Kwon's Extradition Dilemma

道权的引渡困境

Where Will Kwon Face Justice?

权将在哪里面临正义？

Do Kwon, Terraform Labs' co-founder, remains in Montenegro while his extradition fate hangs in the balance. Criminal charges await him in both the US and South Korea. The SEC is eager to bring him to trial, but civil suits often take a backseat to criminal proceedings. Until Kwon is in US custody, a criminal trial cannot commence.

Terraform Labs 联合创始人 Do Kwon 仍留在黑山，而他的引渡命运仍悬而未决。美国和韩国都将面临刑事指控。美国证券交易委员会渴望将他送上法庭，但民事诉讼往往排在刑事诉讼之后。在权被美国拘留之前，刑事审判无法开始。

Whistleblowers and Key Witnesses Take the Stand

举报人和关键证人出庭作证

Who Will Spill the Beans?

谁会泄露秘密？

Alleged whistleblowers, a Jump Trading executive, and Chai's chief product officer are expected to testify, shedding light on Terraform and Kwon's alleged deception. Text messages between Terraform executives discussing the "depeg" of TerraUSD are likely to be presented as evidence. Jump Trading's co-founder, Bill DiSomma, is also expected to take the stand.

预计举报人、Jump Trading 高管和 Chai 的首席产品官将出庭作证，揭露 Terraform 和 Kwon 涉嫌的欺骗行为。 Terraform 高管之间讨论 TerraUSD“脱钩”的短信很可能会作为证据出现。 Jump Trading 的联合创始人 Bill DiSomma 预计也将出庭作证。

Terraform's Bankruptcy Defense

Terraform 的破产辩护

Can Chapter 11 Protect Them?

第11章 能保护他们吗？

Terraform Labs filed for Chapter 11 bankruptcy protection in January, claiming it could not pay the penalties sought by federal regulators. Do Kwon, who owns a majority stake in the company, faces a challenging task in navigating these legal battles while Terraform Labs' fate remains uncertain.

Terraform Labs 一月份根据美国破产法第 11 章申请破产保护，声称无法支付联邦监管机构要求的罚款。拥有该公司多数股权的 Do Kwon 在应对这些法律诉讼方面面临着一项艰巨的任务，而 Terraform Labs 的命运仍不确定。

Judge Rakoff's Ruling

拉考夫法官的裁决

Securities or Not?

是否有证券？

In December, US District Judge Jed Rakoff ruled that Terraform is liable for selling "unregistered securities." This aligns with the SEC's view that cryptocurrencies other than Bitcoin are securities under the Howey test. Terraform disputes this ruling, maintaining that its cryptocurrencies do not meet the definition of securities and plans to appeal.

去年 12 月，美国地区法官 Jed Rakoff 裁定 Terraform 应对出售“未注册证券”负责。这与 SEC 的观点一致，即比特币以外的加密货币都是豪伊测试下的证券。 Terraform 对这一裁决提出异议，坚称其加密货币不符合证券的定义，并计划上诉。

Terraform's Appeal

Terraform 的吸引力

Fighting Back Against the SEC

反击 SEC

Terraform Labs intends to appeal Judge Rakoff's ruling, arguing that the SEC lacks jurisdiction over their activities. They maintain that their cryptocurrencies are not securities and should not be subject to US securities laws. The outcome of this appeal could have significant implications for the cryptocurrency industry as a whole.

Terraform Labs 打算对 Rakoff 法官的裁决提出上诉，认为 SEC 对他们的活动缺乏管辖权。他们坚称他们的加密货币不是证券，不应受到美国证券法的约束。此次上诉的结果可能会对整个加密货币行业产生重大影响。

Conclusion

结论

The Terraform Labs trial is set to commence on Monday, and the stakes are high. The SEC's fraud allegations, the extradition dilemma surrounding Do Kwon, and the testimony of whistleblowers and key witnesses will all play crucial roles in determining the outcome of this landmark case. The implications of the trial extend beyond Terraform Labs, potentially shaping the future of the cryptocurrency industry and the regulation of digital assets.

Terraform Labs 的审判定于周一开始，风险很高。美国证券交易委员会的欺诈指控、围绕 Do Kwon 的引渡困境以及举报人和关键证人的证词都将在决定这一具有里程碑意义的案件的结果方面发挥关键作用。该试验的影响超出了 Terraform Labs 的范围，有可能影响加密货币行业的未来和数字资产的监管。