Terraform Labs proposed to retrieve information related to FTX parties to address the fraud charges initiated by the SEC

ChainCatcher news, Terraform Labs filed a motion on Wednesday in the FTX bankruptcy case, requesting the retrieval of non-public information regarding the digital wallets used by short sellers from FTX's international and U.S. trading platforms, as well as information about the wallets used by Jump Trading. Terraform Labs stated that this data would assist in its defense against the fraud charges initiated by the U.S. Securities and Exchange Commission (SEC).

Terraform's lawyers claimed that they could not be held responsible for the failure of the tokens, which should instead be attributed to a coordinated attack by short sellers. Additionally, Do Kwon and others have claimed that FTX's sister trading firm Alameda Research was the mastermind behind the collapse of TerraUSD/Luna.