Terraform Labs 及其联合创始人 Do Kwon 与 SEC 达成和解

Terraform Labs 及其联合创始人 Do Kwon 已与美国证券交易委员会 (SEC) 就欺诈案达成“原则和解”

Breaking: Terraform Labs, Do Kwon Reach Settlement with SEC in Fraud Case

突发新闻：Terraform Labs、Do Kwon 与 SEC 就欺诈案达成和解

In a significant development, Terraform Labs and its co-founder Do Kwon have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Thursday.

根据周四提交的法庭文件，Terraform Labs 及其联合创始人 Do Kwon 已与美国证券交易委员会 (SEC) 就欺诈案达成“原则和解”，这是一项重大进展。

The news comes after the launch of a civil fraud trial against Kwon and Terraform Labs in New York less than two months ago. The SEC had sought to impose a $5.3 billion penalty, which would be its largest fine yet on a cryptocurrency project.

这一消息是在不到两个月前在纽约启动针对 Kwon 和 Terraform Labs 的民事欺诈审判之后发布的。美国证券交易委员会 (SEC) 曾寻求处以 53 亿美元的罚款，这将是迄今为止对加密货币项目的最大罚款。

The settlement was disclosed during a court session on May 29, which was conducted via telephone without transcription or recording. All counsels were present, and the oral argument set for that day was canceled. The parties are required to submit the necessary settlement documents to Judge Jed S. Rakoff by June 12.

和解协议在 5 月 29 日的法庭开庭期间披露，庭审通过电话进行，没有转录或录音。所有律师都到场了，当天的口头辩论被取消。双方必须在 6 月 12 日之前向 Jed S. Rakoff 法官提交必要的和解文件。

Kwon, who co-founded the algorithmic stablecoin Terra and its sister token LUNA, saw the Terra ecosystem collapse in May 2022, triggering widespread turmoil in the cryptocurrency industry.

Kwon 是算法稳定币 Terra 及其姐妹代币 LUNA 的联合创始人，他目睹了 Terra 生态系统在 2022 年 5 月崩溃，引发了加密货币行业的广泛动荡。

In a court filing, the SEC requested that Kwon and Terraform pay $4.7 billion in disgorgement and interest for their involvement in the Terra-Luna collapse of 2022. Additionally, the SEC is seeking civil penalties of $420 million for Terraform and $100 million for Kwon.

在一份法庭文件中，SEC 要求 Kwon 和 Terraform 因参与 2022 年 Terra-Luna 倒塌事件而支付 47 亿美元的非法所得和利息。此外，SEC 正在寻求对 Terraform 和 Kwon 分别处以 4.2 亿美元和 1 亿美元的民事罚款。

A civil court jury in New York found Kwon and Terraform Labs liable for misleading customers regarding the safety of investing in their algorithmic stablecoin Terra USD (UST) and the utility of its underlying blockchain. Investors reportedly purchased over $2 billion worth of UST from exchanges and other trading venues.

纽约民事法院陪审团裁定 Kwon 和 Terraform Labs 在投资其算法稳定币 Terra USD (UST) 的安全性及其底层区块链的实用性方面误导客户。据报道，投资者从交易所和其他交易场所购买了价值超过 20 亿美元的 UST。

The SEC defended its proposed fines as “conservative” yet “reasonable,” citing the massive profits Kwon obtained from Terraform’s stablecoin despite its eventual failure. However, Terraform Labs is contesting the amount of the civil penalties, arguing for a maximum fine of $3.5 million, while Kwon has offered to pay $800,000.

美国证券交易委员会为其提议的罚款辩护称，该罚款“保守”但“合理”，理由是 Kwon 从 Terraform 的稳定币中获得了巨额利润，尽管该稳定币最终失败了。然而，Terraform Labs 对民事罚款的金额提出异议，主张最高罚款为 350 万美元，而 Kwon 则提出支付 80 万美元。

Terraform Labs received court approval in March to use its remaining funds to cover legal expenses.

Terraform Labs 三月份获得法院批准，可以使用剩余资金支付法律费用。

Concerns were raised last month over Terraform’s allocation of up to $166 million in retainer payments to its legal team since 2023, a move criticized for diverting essential funds away from creditors. This large outlay posed a risk to the assets available for creditor repayment in the ongoing bankruptcy case.

上个月，Terraform 自 2023 年以来向其法律团队分配了高达 1.66 亿美元的保留金，此举引发了人们的担忧，此举被批评为从债权人手中挪用了重要资金。在正在进行的破产案件中，这笔巨额支出对债权人可用于偿还的资产构成了风险。

Meanwhile, Dentons agreed to return $48 million to Terraform and accepted additional oversight from the bankruptcy court moving forward.

与此同时，大成律师事务所同意向 Terraform 返还 4800 万美元，并接受破产法院的进一步监督。

The SEC has particularly taken issue with Terraform’s decision to hire the law firm Dentons, arguing that such a move is designed to shield funds from potential judgments in the lawsuit related to the collapse of TerraUSD.

美国证券交易委员会特别对 Terraform 聘请大成律师事务所的决定提出异议，认为此举旨在保护资金免受与 TerraUSD 崩溃相关的诉讼中潜在判决的影响。

Terraform Labs, along with its founder Do Kwon, is facing legal proceedings in the United States. They are charged by the SEC in connection with the dramatic downfall of its stablecoin, TerraUSD, and its sister token, LUNA, in May 2022. The implosion of these digital assets erased billions in investor value, leading Terraform Labs to eventually seek Chapter 11 bankruptcy protection in Delaware in January 2024.

Terraform Labs 及其创始人 Do Kwon 在美国面临法律诉讼。他们因 2022 年 5 月稳定币 TerraUSD 及其姊妹代币 LUNA 的大幅下跌而受到美国证券交易委员会 (SEC) 的指控。这些数字资产的崩溃抹去了数十亿美元的投资者价值，导致 Terraform Labs 最终寻求美国破产法第 11 章破产保护2024 年 1 月在特拉华州提供保护。

Many enforcement authorities and financial regulators, as well as the Interpol, were already on the hunt for Kwon for his alleged involvement in the collapse of terraUSD (UST) stablecoin and the Terra ecosystem.

许多执法机构和金融监管机构以及国际刑警组织已经开始追捕 Kwon，因为他涉嫌参与 terraUSD (UST) 稳定币和 Terra 生态系统的崩溃。