PANews News on October 17, according to CoinDesk, a New York court ordered crypto lending company Genesis to respond to subpoenas related to the collapse of TerraUSD within five days, after the company failed to respond by the October 9 deadline. The collapse of TerraUSD sent shockwaves through the crypto market, with the U.S. Securities and Exchange Commission (SEC) subsequently suing Terraform Labs, the company behind the token, and co-founder Do Kwon for misleading investors. Judge Jed Rakoff said in Friday's court order that "as of today, the Genesis entity has failed to provide any documentation to respond to the subpoena." It is reported that the defendant made a legal request for information to Genesis Global Capital, Genesis Global Holdco and Genesis Global Trading on September 12. Three Genesis entities filed for bankruptcy in January 2023, and the trading arm closed its U.S. spot market operations in September.