Bankrupt Terraform Labs And Founder Do Kwon Reach Historic $4.47B Settlement With The SEC In The UST, LUNA Collapse Case
Bankrupt Terraform Labs And Founder Do Kwon Reach Historic $4.47B Settlement With The SEC In The UST, LUNA Collapse Case
Kwon has agreed to a ban on cryptocurrency transactions and is required to transfer $204.3 million to Terraform's bankruptcy estate. The SEC stated in a court filing that the judgment would "ensure the maximal return of funds to harmed investors and put Terraform out of business for good."In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: LUNA) implosion in 2022.
Terraform Labs因在2022年Terra（CRYPTO：LUNA）暴跌期间欺诈数字货币投资者被发现有罪，同意支付447亿美元的民事和解给证券交易委员会。
What Happened: A jury found Terraform Labs and its disgraced founder, Do Kwon, guilty of defrauding cryptocurrency investors, according to a Reuters report Wednesday. A proposed final judgment was filed in a Manhattan federal court, awaiting approval by U.S. District Judge Jed Rakoff.
发生了什么：据路透社周三报道，陪审团发现Terraform Labs及其名誉扫地的创始人Do Kwon有罪，欺诈数字货币投资者。提议的最终判决已提交给曼哈顿联邦法院，正在等待美国地方法官Jed Rakoff的批准。
The judgment includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine. However, due to Terraform's bankruptcy filing in January, much of this is unlikely to be paid and will be treated as an unsecured claim in the Chapter 11 case.
判决包括40.5亿美元的返还及其利息和4.2亿美元的民事罚款。然而，由于Terraform于1月申请破产，因此其中许多可能不会支付，将被视为第11章案件中的无抵押债权。
Kwon has agreed to a ban on cryptocurrency transactions and is required to transfer $204.3 million to Terraform's bankruptcy estate. The SEC stated in a court filing that the judgment would "ensure the maximal return of funds to harmed investors and put Terraform out of business for good."
Do Kwon同意禁止数字货币交易，并需要向Terraform的破产财产转移2.043亿美元。证券交易委员会在法庭文件中表示，此判决将"确保最大程度地返还有害投资者的资金，并使Terraform业务永久关闭。"
Why It Matters: The case against Terraform Labs and Do Kwon has been ongoing for over two years. In April 2024, a United States District Court found that Terraform Labs and Kwon had defrauded investors during the stunning collapse of stablecoin TerraUSD (CRYPTO: UST) and reserve cryptocurrency LUNA, an event that wiped out more than $40 billion in market cap within a week and triggered a cryptocurrency bear market.
为什么重要：针对Terraform Labs和Do Kwon的案件已经进行了两年多。2024年4月，美国地方法院裁定Terraform Labs和Kwon在TerraUSD（CRYPTO：UST）和储备数字货币LUNA惊人崩溃期间欺诈投资者，导致一周内市值蒸发超过400亿美元，并引发了数字货币熊市。
In the same month, a former employee of Jump Trading testified that Jump Trading had colluded with Terraform Labs to manipulate the price of UST.
同月，Jump Trading的前雇员作证称，Jump Trading与Terraform Labs串通操纵UST的价格。
Price Action: At the time of writing, LUNA was exchanging hands at $0.5476, up 0.34% in the last 24 hours, according to data from Benzinga Pro. Its sister token, Terra Classic (CRYPTO: LUNC) rose 2.23% in the last 24 hours.
价格动态：根据Benzinga Pro的数据，在写作时，LUNA的交易价格为0.5476美元，24小时内上涨了0.34%。其姊妹代币Terra Classic（CRYPTO：LUNC）在过去24小时内上涨了2.23%。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免责声明：本文部分内容使用了Benzinga Neuro的帮助。此内容部分由Benzinga Neuro帮助制作，并由Benzinga编辑审核并发布。
译文内容由第三方软件翻译。