SEC 在具有里程碑意義的加密案件中尋求創紀錄的 5.3B 美元罰款

美國證券交易委員會 (SEC) 已要求對 Terraform Labs 和 Do Kwon 處以 53 億美元的罰款，因為他們在 2022 年 Terra 生態系統崩潰中發揮了作用。美國證券交易委員會認為，這些罰款是對其「不義之財」的「保守」近似，這些收益來自誤導投資者關於 Terra USD 的穩定性和 Terra 區塊鏈的用例。監管機構尋求採取更多措施來防止未來的違規行為，包括禁止進一步的證券不當行為，以及禁止 Kwon 擔任向 SEC 報告的上市公司的高階主管或董事。

U.S. Securities and Exchange Commission (SEC) Seeks $5.3 Billion Penalty in Terraform Labs Case

美國證券交易委員會 (SEC) 尋求對 Terraform Labs 案件處以 53 億美元罰款

New York, United States - The U.S. Securities and Exchange Commission (SEC) has filed a motion in a New York court seeking the imposition of a $5.3 billion penalty against Terraform Labs and its co-founder, Do Kwon. This hefty fine represents the regulator's assessment of the ill-gotten gains allegedly acquired through fraudulent conduct by the defendants.

美國紐約 - 美國證券交易委員會 (SEC) 已向紐約法院提交動議，尋求對 Terraform Labs 及其聯合創始人 Do Kwon 處以 53 億美元的罰款。這筆巨額罰款代表了監管機構對被告涉嫌透過詐欺行為取得的不義之財的評估。

Background: Terra Ecosystem Collapse

背景：Terra 生態系統崩潰

The SEC's action follows a recent civil fraud verdict against Terraform Labs and Kwon, holding them liable for misleading investors about the stability of Terra USD (UST), a so-called "algorithmic" stablecoin, and the utility of the Terra blockchain. The massive collapse of the Terra ecosystem in 2022 resulted in an estimated loss of $40 billion to investors.

SEC 的行動是在最近針對Terraform Labs 和Kwon 的民事詐欺判決之後採取的，要求他們對Terra USD (UST)（所謂的「演算法」穩定幣）的穩定性以及Terra 區塊鏈的實用性誤導投資者承擔責任。 2022 年 Terra 生態系統的大規模崩潰導致投資者損失估計達 400 億美元。

SEC's Request for Judgment

SEC 請求作出判決

In its motion for final judgment, the SEC detailed the rationale behind the substantial penalty. The regulator estimated that Terraform Labs and Kwon amassed over $4 billion in ill-gotten gains through their unlawful activities. This figure is based on the sale of LUNA and MIR tokens to institutional investors, the distribution of LUNA and UST through the Luna Foundation Guard (LFG), and purchases of UST by investors on various crypto asset trading platforms.

在最終判決動議中，美國證券交易委員會詳細說明了巨額處罰背後的理由。監管機構估計，Terraform Labs 和 Kwon 透過非法活動累積了超過 40 億美元的不義之財。這個數字是根據向機構投資者出售 LUNA 和 MIR 代幣、透過 Luna Foundation Guard (LFG) 分配 LUNA 和 UST，以及投資者在各種加密資產交易平台上購買 UST。

The $5.3 billion penalty is divided into two components: $4.74 billion in disgorgement and prejudgment interest, and $520 million in civil penalties. Terraform Labs is expected to pay $420 million of the civil penalties, while Kwon is responsible for the remaining $100 million.

53 億美元的罰款分為兩部分：47.4 億美元的返還和判決前利息，以及 5.2 億美元的民事罰款。 Terraform Labs 預計將支付 4.2 億美元的民事罰款，而 Kwon 則負責剩餘的 1 億美元。

Justifying the Penalty

證明處罰的合理性

The SEC emphasized that the penalty amount is a "conservative" and "reasonable approximation" of the defendants' ill-gotten gains. The regulator noted that Terraform Labs and Kwon took advantage of investors' trust and engaged in a massive scheme to inflate the value of UST and LUNA tokens artificially.

美國證券交易委員會強調，罰款金額是對被告非法所得的「保守」且「合理的近似」。監管機構指出，Terraform Labs 和 Kwon 利用投資者的信任，實施了大規模計劃，人為抬高 UST 和 LUNA 代幣的價值。

Additional Measures

額外措施

In addition to the monetary penalties, the SEC is seeking injunctions to prevent Terraform Labs and Kwon from engaging in further securities violations, purchasing or selling crypto assets, and barring Kwon from serving as an officer or director at any SEC-reporting public company. The SEC believes these measures are crucial to deter future violations and hold the defendants accountable for their actions.

除了罰款之外，SEC 還在尋求禁令，以防止 Terraform Labs 和 Kwon 參與進一步的證券違規行為、購買或出售加密資產，並禁止 Kwon 在任何向 SEC 報告的上市公司擔任高級職員或董事。 SEC 認為這些措施對於阻止未來的違規行為並讓被告對其行為負責至關重要。

Terraform Labs' Response

Terraform 實驗室的回應

Terraform Labs, represented by CEO Chris Amani, has responded to the SEC's motion by arguing that the court should not grant the requested injunctive relief or disgorgement. The company maintains that it should only be subject to an "appropriate civil penalty" for any proven violations that occurred in the United States.

由首席執行官 Chris Amani 代表的 Terraform Labs 回應了 SEC 的動議，認為法院不應批准所請求的禁令救濟或沒收非法所得。該公司堅稱，只有在美國發生任何經證實的違規行為時，它才應受到「適當的民事處罰」。

Amani testified during the trial that Terraform Labs, which is currently undergoing bankruptcy proceedings, has approximately $150 million in remaining assets.

阿曼尼在審判期間作證說，目前正在進行破產程序的 Terraform Labs 擁有約 1.5 億美元的剩餘資產。

Do Kwon's Status

道權的現狀

Kwon remains in custody in Montenegro, where he was arrested last year for attempting to use forged travel documents. He is currently facing extradition requests from both the United States and South Korea, where he faces criminal charges related to the Terra collapse.

權目前仍在黑山被拘留，去年他因試圖使用偽造的旅行證件而被捕。他目前正面臨美國和韓國的引渡請求，他在韓國面臨與 Terra 倒塌有關的刑事指控。

Conclusion

結論

The SEC's pursuit of a $5.3 billion penalty against Terraform Labs and Do Kwon sends a strong message to the crypto industry that fraudulent conduct will not be tolerated. The regulator's request for injunctive relief and the officer-and-director ban on Kwon demonstrate its commitment to protecting investors and ensuring market integrity.

美國證券交易委員會 (SEC) 對 Terraform Labs 和 Do Kwon 處以 53 億美元的罰款，向加密產業發出了一個強烈的訊息：詐欺行為是不會被容忍的。監管機構提出的禁令救濟請求以及對 Kwon 的高階主管和董事禁令表明了其保護投資者和確保市場誠信的承諾。

The outcome of this case will have significant implications for the regulation of digital assets and the accountability of those who engage in misconduct within the crypto ecosystem.

此案的結果將對數位資產的監管以及加密貨幣生態系統中不當行為者的責任產生重大影響。