Terraform Labs seeks access to FTX wallets in fraud defense

In a search for evidence that might back its defense from scams charges, Terraforms attorneys filed a motion on July 19 in FTXs personal bankruptcy case to access the businesss details about digital wallets used by short sellers in between March and May 2022. Terraform declares its stablecoin failure was an outcome of a collaborated attack from short sellers, possibly including Alameda Research, FTXs sis business. The failure of Terraform in 2022 resulted in a loss of over $40 billion from crypto markets.Screenshot of Terraforms movement looking for authorization to subpoena FTX info.

In a search for evidence that might back its defense from scams charges, Terraforms legal representatives submitted a movement on July 19 in FTXs insolvency case to access the companys information about digital wallets utilized by brief sellers between March and May 2022. Terraform declares its stablecoin failure was a result of a collaborated attack from short sellers, possibly involving Alameda Research, FTXs sis company. The failure of Terraform in 2022 resulted in a loss of over $40 billion from crypto markets.Screenshot of Terraforms movement seeking approval to subpoena FTX details.