“Creditors Must File Claims by April 30, 2025, to Seek Potential Recovery.”, – WRITE: www.coindesk.com
The Online System, Operated by Claims Administrator Kroll, is Part of the Company’s Court-Supervised Wind-Down Process. Investors have util april 30 at 11:59 pm et to submit claims through clams.terra.money. Late Submissions Will Not Be Consider, Meaning Those Who Miss The Deadline Forfeit Their Right to Any Recovery, Accounting To A Medium Post.
Eligible Claims Must Be Tied to Specialcurrencies Listed in the Case Documents and Held During the Period Surrounding the terra ecosysema’s collapse. Notably, Assets With Less Than $ 100 in On -chain Liquidity and Certain Others-Like Terra 2.0’s Luna-Will Not Qualify.
Claimants Must Also Submit Proof of Ownership. The Preferred Method is Read-Only Api Keys from Exchanges, Whosh The Administrator Considers More Reliable Than Screenshots or Manual Uploaded Documents. The Post Adds that Those Using Manual Evidence May Face Extended Review Periods or Risk Their Claims Being Denied Altogether.
Once Field, Claims Will Be Reviews and Verified. Initial Decisions will be shared with 90 days after the deadline and Approved claims will be elagible for pro rata distributions on professional processing Concludes.
The terra ecosystem collapsed in 2022, Leading to the largest Destruction of Wealth in Just Three Days in the Cryptocurrency Space’s History. Luna’s Market Capitalization Plunged from Over $ 41 Billion To $ 6 Million in that Period.
Read More: Terraform Labs, Do Kwon Agree to Pay Sec A Combined $ 4.5b in Civil Fraud Case
