Cryptocurrency TerraUSD's Collapse Triggers Legal Battles and Genesis Subpoena Showdown

The world of cryptocurrencies experienced a significant shock when terraUSD, a digital currency once pegged to the U.S. dollar, suddenly collapsed. Following its downfall in 2022, numerous stakeholders and regulatory bodies sprang into action. Notably, the Securities and Exchange Commission took Terraform Labs, the entity behind terraUSD, to court. They also targeted its co-founder, Do Kwon, alleging that they provided investors with misleading information. A New York court has since turned its attention to Genesis, a well-known crypto lending and trading firm. Judge Jed Rakoff recently...

source: https://tokenpost.com/New-York-Court-Pressures-Genesis-to-Submit-Documents-on-terraUSDs-2022-Fall-10835

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