SEC 在具有里程碑意义的加密案件中寻求创纪录的 5.3B 美元罚款

美国证券交易委员会 (SEC) 已要求对 Terraform Labs 和 Do Kwon 处以 53 亿美元的罚款，因为他们在 2022 年 Terra 生态系统崩溃中发挥了作用。美国证券交易委员会认为，这些罚款是对其“不义之财”的“保守”近似，这些收益来自误导投资者关于 Terra USD 的稳定性和 Terra 区块链的用例。监管机构寻求采取更多措施来防止未来的违规行为，包括禁止进一步的证券不当行为，以及禁止 Kwon 担任向 SEC 报告的上市公司的高管或董事。

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

美国证券交易委员会 (SEC) 寻求对 Terraform Labs 案件处以 53 亿美元罚款

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.

美国纽约 - 美国证券交易委员会 (SEC) 已向纽约法院提交动议，寻求对 Terraform Labs 及其联合创始人 Do Kwon 处以 53 亿美元的罚款。这笔巨额罚款代表了监管机构对被告涉嫌通过欺诈行为获取的不义之财的评估。

Background: Terra Ecosystem Collapse

背景：Terra 生态系统崩溃

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 的行动是在最近针对 Terraform Labs 和 Kwon 的民事欺诈判决之后采取的，要求他们对 Terra USD (UST)（一种所谓的“算法”稳定币）的稳定性以及 Terra 区块链的实用性误导投资者承担责任。 2022 年 Terra 生态系统的大规模崩溃导致投资者损失估计达 400 亿美元。

SEC's Request for Judgment

SEC 请求作出判决

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.

在最终判决动议中，美国证券交易委员会详细说明了巨额处罚背后的理由。监管机构估计，Terraform Labs 和 Kwon 通过非法活动积累了超过 40 亿美元的不义之财。该数字基于向机构投资者出售 LUNA 和 MIR 代币、通过 Luna Foundation Guard (LFG) 分配 LUNA 和 UST，以及投资者在各种加密资产交易平台上购买 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 亿美元的罚款分为两部分：47.4 亿美元的返还和判决前利息，以及 5.2 亿美元的民事罚款。 Terraform Labs 预计将支付 4.2 亿美元的民事罚款，而 Kwon 则负责剩余的 1 亿美元。

Justifying the Penalty

证明处罚的合理性

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.

美国证券交易委员会强调，罚款金额是对被告非法所得的“保守”且“合理的近似”。监管机构指出，Terraform Labs 和 Kwon 利用投资者的信任，实施了大规模计划，人为抬高 UST 和 LUNA 代币的价值。

Additional Measures

额外措施

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.

除了罚款之外，SEC 还在寻求禁令，以防止 Terraform Labs 和 Kwon 参与进一步的证券违规行为、购买或出售加密资产，并禁止 Kwon 在任何向 SEC 报告的上市公司担任高级职员或董事。 SEC 认为这些措施对于阻止未来的违规行为并让被告对其行为负责至关重要。

Terraform Labs' Response

Terraform 实验室的回应

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.

由首席执行官 Chris Amani 代表的 Terraform Labs 回应了 SEC 的动议，认为法院不应批准所请求的禁令救济或没收非法所得。该公司坚称，只有在美国发生任何经证实的违规行为时，它才应受到“适当的民事处罚”。

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

阿曼尼在审判期间作证说，目前正在进行破产程序的 Terraform Labs 拥有约 1.5 亿美元的剩余资产。

Do Kwon's Status

道权的现状

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.

权目前仍在黑山被拘留，去年他因试图使用伪造的旅行证件而被捕。他目前正面临美国和韩国的引渡请求，他在韩国面临与 Terra 倒塌有关的刑事指控。

Conclusion

结论

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.

美国证券交易委员会 (SEC) 对 Terraform Labs 和 Do Kwon 处以 53 亿美元的罚款，向加密行业发出了一个强烈的信息：欺诈行为是不会被容忍的。监管机构提出的禁令救济请求以及对 Kwon 的高管和董事禁令表明了其保护投资者和确保市场诚信的承诺。

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.

此案的结果将对数字资产的监管以及加密货币生态系统中不当行为者的责任产生重大影响。