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Genesis ordered to respond to subpoenas related to UST collapse within 5 days

A court in New York ordered the encrypted loan and trading company Genesis to comply with subpoena requests within five days, after Genesis failed to respond to a legal request for information related to the 2022 UST stablecoin crash by the October 9th deadline. The UST's failure shook the cryptocurrency market, and the Securities and Exchange Commission (SEC) subsequently sued the company behind it, Terraform Labs, and its co-founder Do Kwon, accusing them of misleading investors.

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