Terraform Labs launches the claims of the creditors affected by the collapse of Terrausd

Terraform Labs launches the claims of the creditors affected by the collapse of Terrausd

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Terraform Labs opens a platform for creditors who were affected by the breakdown of the Terrausd code to provide their losses as the company continues to the bankruptcy process. The Kroll Restructuring Department will operate the encryption losses portal, which can be accessed on March 31, 2025, through claims.

The submissions to the portal will remain open until April 30, 2025. To submit a claim, creditors must subscribe to the download documentation portal that proves to own the coins that have been legally received from platform.

The claims will be submitted electronically, and there will be no fees to sign transactions related to the specified assets. Other holdings through other trading platforms will require only API to read or evidence such as transactions or account data. the advertisement Also note that excluded assets, such as Luna 2.0 in Terra 2.0 and any other encrypted currency with a size of the chain less than $ 100, will not be available as a claim.

The claim portal will provide preliminary decisions or notifications for an additional review during the 90 -day time frame for the deadline on April 30. The plan official will consider the claims related to the outcome of the encrypted currencies the eligible loss to determine the advantages of the plan. Any lender must ensure that all the papers needed to avoid any rejection and delay operations.

TerraForm Laboratory Laboratory Land

Terraform LaboratoryS faCED legal challenges, like Fraud is ruled by the Securities and Stock Exchange in April, which led to losses of 40 billion dollars to its investors. In its settlement with SEC, Terraform Labs will be required to save $ 4.47 billion, which will be used to cover the losses incurred by investors in Terrausd.

The settlement also requires the employment of other assets, such as the distinctive symbols owned by the founder of Terraform Labs, Do Kwon. The SEC settlement will mean that the creditor’s claims will form a basis for Terraform laboratories where you seek to liquidate. After amending the claims and making payments for creditors, the rest of the assets will help pay the punishment provided by the Supreme Education Council.

Kwon’s legal battle escalateS

TRraform Participant founder of Labs Do Kwon It suffers from increasing legal cases as a result of the collapse of Terrausd in May 2022. unacceptable A call made before Coone Where he sought not to deliver him to the United States. This ruling has greatly reduced the KWON chances that you can make to order another delay in delivering it.

The decision of the Black Montenegro is to adhere to the ruling in favor of handing the Coone well in the case. Since both the United States and South Korea have requested the delivery of Coone, its lawyers are likely to continue to try to return this step. Legal analysts expect the Black Montenegro to deliver KWON to the United States due to additional fees for the collapse of Terrausd.

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