Terraform Labs is asking a choose for permission to subpoena knowledge from bankrupt crypto trade FTX, saying the data might assist its protection towards a lawsuit filed by the U.S. Securities and Change Fee (SEC) in February, a courtroom submitting present.
In a seek for proof that might assist its protection towards the fraud costs, Terraform’s attorneys filed a July 19 movement in FTX’s chapter case to entry the corporate’s details about digital wallets utilized by brief sellers between March 2022 and Could 2022. Terraform claims its failed stablecoin was the results of a coordinated assault by brief sellers, presumably involving Alameda Analysis, FTX’s sister firm.
Proceed studying on Coin Telegraph
