SEC 在 Terra 倒塌案中提出破紀錄的 5.3B 美元罰款請求

美國證券交易委員會 (SEC) 已提交一項動議，要求 Terraform Labs 及其創始人 Do Kwon 就與 Terra 生態系統崩潰相關的詐欺行為賠償 53 億美元的累積損失。如果實施罰款，可能會超過迄今為止徵收的最大加密貨幣罰款。 Kwon 對 SEC 的要求提出異議，反對禁令救濟，並聲稱沒收罰款是不合理的。

SEC Seeks Unprecedented $5.3 Billion in Penalties for Terraform Labs and Do Kwon in Terra Collapse Case

SEC 在 Terra 崩潰案中尋求對 Terraform Labs 和 Do Kwon 處以前所未有的 53 億美元罰款

New York, NY - In an unprecedented move, the United States Securities and Exchange Commission (SEC) has filed a request for Terraform Labs (TFL) and its founder, Do Kwon, to pay a staggering $5.3 billion in damages for fraud related to the collapse of the Terra blockchain. This penalty, if imposed by the court, would constitute the largest cryptocurrency-related enforcement action in history.

紐約州紐約 - 美國證券交易委員會 (SEC) 採取了史無前例的舉措，要求 Terraform Labs (TFL) 及其創始人 Do Kwon 支付高達 53 億美元的欺詐損失賠償金。如果法院判處這項處罰，將構成史上最大的與加密貨幣相關的執法行動。

SEC's Allegations and Damages Sought

SEC 的指控和尋求的損害賠償

The SEC's complaint, filed on April 19, alleges that TFL and Kwon engaged in a series of misleading and deceptive practices related to the marketing and sale of the Terra blockchain's native tokens, LUNA and UST. Specifically, the SEC accuses the defendants of:

美國證券交易委員會於 4 月 19 日提交的投訴稱，TFL 和 Kwon 參與了一系列與 Terra 區塊鏈原生代幣 LUNA 和 UST 的營銷和銷售相關的誤導和欺騙行為。具體來說，美國證券交易委員會指控被告：

• Misleading investors about the stability and risk profile of LUNA and UST, including claiming that UST was fully collateralized by LUNA.
• Failing to disclose that Kwon and TFL had pre-mined a significant portion of LUNA, giving them an unfair advantage over investors.
• Using misleading marketing tactics to artificially inflate the value of LUNA and UST.

As a result of these alleged violations, the SEC is seeking a disgorgement order of approximately $4.2 billion, representing the amount of illegal profits generated by TFL and Kwon, as well as $546 million in pre-judgment interest. Additionally, the SEC is requesting civil penalties of $420 million against Terraform Labs and $100 million against Do Kwon personally.

誤導投資者關於 LUNA 和 UST 的穩定性和風險狀況，包括聲稱 UST 完全由 LUNA 抵押。行銷策略人為抬高LUNA 和UST 的價值。 。此外，SEC 還要求對 Terraform Labs 處以 4.2 億美元的民事罰款，對 Do Kwon 個人處以 1 億美元的民事罰款。

Potential Consequences and Implications

潛在後果和影響

Should the court approve the SEC's request, the consequences for TFL and Kwon would be severe. The monetary penalties alone would amount to a significant financial burden, potentially crippling the operations of Terraform Labs and permanently damaging Kwon's reputation as a cryptocurrency entrepreneur.

如果法院批准 SEC 的請求，TFL 和 Kwon 面臨的後果將是嚴重的。僅罰款一項就構成了巨大的財務負擔，可能會削弱 Terraform Labs 的運營，並永久損害 Kwon 作為加密貨幣企業家的聲譽。

Furthermore, the court's order would bar Kwon from serving as a director or officer of any securities issuer, effectively prohibiting him from participating in the management of public companies in the future. This prohibition would send a strong message to other cryptocurrency executives about the consequences of engaging in fraudulent or deceptive practices.

此外，法院的命令將禁止權擔任任何證券發行人的董事或高階主管，從而有效地禁止他將來參與上市公司的管理。這項禁令將向其他加密貨幣高層發出強烈訊息，告訴他們參與詐欺或欺騙行為的後果。

The case against TFL and Kwon also has broader implications for the cryptocurrency industry. It highlights the SEC's increasing willingness to pursue enforcement actions against crypto companies and individuals for violations of securities laws. This development suggests that the regulatory landscape for the crypto industry is rapidly evolving, and firms operating in this space must take steps to comply with applicable regulations.

針對 TFL 和 Kwon 的案件也對加密貨幣產業產生了更廣泛的影響。它凸顯了美國證券交易委員會越來越願意對違反證券法的加密貨幣公司和個人採取執法行動。這一發展表明，加密貨幣行業的監管環境正在迅速發展，在該領域運營的公司必須採取措施遵守適用的法規。

Kwon's Counterarguments

權的反駁

In response to the SEC's request for damages, Kwon has filed a counterargument, asserting that the SEC has failed to provide sufficient evidence to support its allegations. He claims that he did not personally benefit from the alleged scheme and that any losses suffered by investors were due to market forces, not any misconduct on his part.

針對 SEC 的損害賠償請求，Kwon 提出了反駁，聲稱 SEC 未能提供足夠的證據來支持其指控。他聲稱，他個人並沒有從所指控的計劃中受益，投資者遭受的任何損失都是由市場力量造成的，而不是他的任何不當行為。

Kwon's lawyers have also argued that the disgorgement fines are excessive and that the civil penalties sought by the SEC are disproportionate to the alleged misconduct. They maintain that Kwon should only be charged a minimal penalty, if any at all.

權的律師還辯稱，沒收非法所得的罰款過高，而且美國證券交易委員會尋求的民事處罰與所指控的不當行為不相稱。他們認為，如果有的話，權應該只受到最低限度的處罰。

The court is currently considering the arguments of both sides and will ultimately decide on the appropriate penalties for Terraform Labs and Do Kwon. The outcome of this case will have significant implications for the cryptocurrency industry and set a precedent for future enforcement actions against crypto companies.

法院目前正在考慮雙方的論點，並將最終決定對 Terraform Labs 和 Do Kwon 進行適當的處罰。此案的結果將對加密貨幣產業產生重大影響，並為未來針對加密貨幣公司的執法行動樹立先例。