Breaking News: Legal Clarity on $LUNC , $USTC , and $LUNC A Case
A major development has emerged in the ongoing Terra ecosystem case. In a crucial ruling, the Bankruptcy Court for the District of Delaware has acknowledged that the second de-pegging event was a targeted attack, clearing Do Kwon of wrongdoing. This decision reinforces the legitimacy of tokens acquired below $100, ensuring they will not be invalidated.
The court has also opened a claims process for investors who suffered losses before May 13, 2022, at 6:15 PM EST—marking the time of the second de-pegging. Eligible claims include losses incurred from purchasing or investing in cryptocurrencies created by the debtors, as well as other assets held within the Terra ecosystem. However, any cryptocurrency with on-chain liquidity below $100 at the time of the second de-pegging will not be considered under this ruling.
This decision has sent shockwaves through the Spartan Lunatics community, igniting a wave of discussions and anticipation. With legal recognition of the circumstances surrounding the collapse, investors are now looking toward the next steps for the ecosystem and potential recovery efforts. The ruling not only restores some faith in the process but also sets a precedent for how similar cases might be handled in the future.
