Posted 10/16/2023, 4:00:00 PM
Genesis Ordered to Comply With Terra Investigation Despite Bankruptcy
- Genesis ordered by NY court to comply with Terra subpoena within 5 days after missing previous deadline
- Subpoena relates to 2022 collapse of terraUSD stablecoin that sent shockwaves through crypto markets
- SEC sued Terraform Labs and founder Do Kwon for misleading investors about terraUSD
- Genesis made billions in loans to Three Arrows Capital, exposed to stablecoin collapse
- Judge orders Genesis to comply despite bankruptcy filing; also pushing Kwon deposition despite jail sentence in Montenegro