Terraform Labs seeks access to FTX wallets in fraud defense

Terraform Labs seeks entry to FTX wallets in fraud protection

Terraform Labs is calling for permission from a think to subpoena files from bankrupt crypto replace FTX, claiming the tips would possibly well lend a hand its protection against a lawsuit brought by the US Securities and Swap Rate (SEC) in February, a court docket filing reveals.

In a save a matter to for proof that would possibly well lend a hand its protection from fraud charges, Terraform’s lawyers filed a slump on July 19 in FTX’s financial smash case to entry the corporate’s files about digital wallets damaged-down by rapid sellers between March 2022 and Also can simply 2022. Terraform claims its stablecoin failure used to be a end result of a coordinated attack from rapid sellers, presumably interesting Alameda Learn, FTX’s sister company.

<em>Screenshot of Terraform&#8217;s slump attempting for permission to subpoena FTX files. Source: Kroll</em>

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