Terraform Labs 和 Do Kwon 支付 4.5B 美元以和解 SEC 欺诈指控

纽约南区的美国地方法院法官批准了 SEC、Terraform Labs 及其前首席执行官 Do Kwon 之间的和解。

A US District Court judge in the Southern District of New York has approved a settlement between the SEC, Terraform Labs, and its former CEO, Do Kwon.

纽约南区的美国地方法院法官批准了 SEC、Terraform Labs 及其前首席执行官 Do Kwon 之间的和解。

The settlement mandates Terraform Labs and Kwon to pay USD 4.5 billion in disgorgement and civil penalties. Additionally, they are permanently prohibited from trading all 'crypto asset securities,' including Terra ecosystem tokens. The agreement follows a civil fraud finding against Terraform Labs and Kwon related to the collapse of the Terra ecosystem in May 2022, which resulted in significant financial losses for investors. Officials from the SEC emphasised that the economic substance of a product determines its classification under securities laws, highlighting the impact of non-compliance on investors.

该和解协议要求 Terraform Labs 和 Kwon 支付 45 亿美元的没收款项和民事罚款。此外，他们被永久禁止交易所有“加密资产证券”，包括 Terra 生态系统代币。该协议是在 Terraform Labs 和 Kwon 因 2022 年 5 月 Terra 生态系统崩溃而被民事欺诈调查发现的，该崩溃给投资者带来了重大财务损失。 SEC官员强调，产品的经济实质决定了其在证券法下的分类，强调了违规行为对投资者的影响。

The settlement, which is final and not subject to appeal, concludes a legal battle that included resistance from Terraform Labs and Kwon against investigative efforts, culminating in their agreement to the SEC's revised settlement offer of USD 4.5 billion. Kwon, currently detained in Montenegro pending extradition proceedings, was not present during the settlement agreement.

该和解是最终的且不可上诉，结束了一场法律斗争，其中包括 Terraform Labs 和 Kwon 对调查工作的抵制，最终他们同意 SEC 修订后的 45 亿美元和解要约。权目前被拘留在黑山，等待引渡程序，在和解协议期间并未出席。

Terraform Labs, operating under Chapter 11 bankruptcy protection, faces financial uncertainty regarding the payment of the imposed fines, with reported assets of approximately USD 150 million.

Terraform Labs 在美国破产法第 11 章破产保护下运营，在支付罚款方面面临财务不确定性，其报告资产约为 1.5 亿美元。

Some background on Terraform’s fall

Terraform 衰落的一些背景

According to the Financial Times, between April 2018 and May 2022, Singapore-based Terraform and Kwon raised billions of dollars from investors by selling a number of interlinked digital securities, many of which were not properly registered with regulators, according to the SEC’s complaint.

据《金融时报》报道，根据 SEC 的投诉，2018 年 4 月至 2022 年 5 月期间，总部位于新加坡的 Terraform 和 Kwon 通过出售大量相互关联的数字证券从投资者那里筹集了数十亿美元，其中许多证券没有在监管机构正确注册。

Among those assets was TerraUSD, which is a stablecoin Kwon invented. The stablecoin crashed in 2022 alongside associated token luna and sent ripples through the crypto sector. Kwon is wanted by the US and South Korean authorities on separate criminal charges but remains in Montenegro amid a legal fight over his extradition. Kwon and his business are among the once high-flying crypto companies and executives targeted by US authorities, who say they are protecting investors according to the FT.

这些资产中有 TerraUSD，它是 Kwon 发明的一种稳定币。这款稳定币于 2022 年与相关代币 luna 一起崩溃，并在加密货币领域引发了连锁反应。权被美国和韩国当局以单独的刑事指控通缉，但在引渡的法律斗争中，他仍留在黑山。据英国《金融时报》报道，权和他的公司是美国当局瞄准的曾经风光无限的加密货币公司和高管之一，美国当局表示他们正在保护投资者。