Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
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A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).
In a July 31 filing in U.S. Bankruptcy Court for the District of Delaware, Judge John Dorsey
Terraform Labs was one of the first crypto firms to collapse in 2022, partly contributing to a major market crash and causing the price of many tokens to drop. FTX filed for bankruptcy in November 2022.
Do Kwon, one of the co-founders of Terra, is currently serving a four-month sentence in a Montenegrin prison after being convicted of using false travel documents. He may also face extradition to the United States or South Korea for fraud charges.
Magazine: Terra collapsed because it used hubris for collateral — Knifefight
