Terraform Labs, under allegations from the SEC, can now subpoena FTX for evidence in its defense.
that the failures of its algorithmic stablecoin and governance token were the result of a coordinated attack from short sellers, potentially involving Alameda Research.
“The Debtors [FTX] may designate any production in response to the Subpoenas in accordance with the terms of the Protective Order entered in the SEC Action or any confidentiality agreement entered into between the Debtors and [Terraform Labs],” said the order.Kroll According to court filings, lawyers for FTX debtors agreed to the court order with “no formal objections”. Terraform Labs requested the ability to subpoena records related to digital wallets used by short sellers connected to FTX entities around May 2022, amid its failure.
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