In the case filed by the SEC against Terra (LUNA), the court gave 5 days to submit supporting documents from the bankrupt crypto lending platform Genesis.
Judge of the U.S. District Court for the Southern District of New York Jed Rakoff by 13 October The bankrupt crypto loan platform was the target of a statement published on genesis took place. U.S. Securities and Exchange Commission (SEC) from Genesis Terraform Labs and founder Do to Kwon for the lawsuit filed against helper will be documents the judge again requested to comply with the subpoena. 5 day period recognized.
Terraform Labs merged into 3 companies under Genesis on September 12 Global Capital, Genesis Global Holdco And From Genesis Global Trading subpoena he had requested. Thereupon, the request for documents that may have critical value in the ongoing case was made before and Genesis to October 9 time was given.
But Genesis did not make a comeback during this time. of Genesis 5 day period It remains unclear whether he will comply with the subpoena and provide the requested documents. On the other hand, the desired nature of documents There was no clear explanation about it.
These requested documents are terra And TerraUSD (UST) It is thought that it may shed light on the process behind its collapse.
The following statements were included in the subpoena sent by Judge Rakoff:
As of today, Genesis entities have not filed any documents in response to the subpoenas. The court grants defendants’ motion to enforce the subpoenas. Genesis must respond within five (5) days from receipt of the notice.
Do Kwon, in Montenegro for possessing a fake passport prison He cannot come to the USA because he has been sentenced to prison, and this situation prevents the proceedings of the cases filed against him. more complex It makes you feel better.
Terraform Labs is behind the collapse of UST in its recent statement third party market makers He claimed that it was.