#Terra #LUNA , last opportunity
Terraform Labs opens claims portal
#TerraformLabs the company behind #TerraUSD y LUNA, will open its claims portal for cryptocurrency creditors on March 31, after declaring bankruptcy under Chapter 11 in January 2024.
The bankruptcy occurred following the collapse of its $40 billion ecosystem in 2022. Eligible creditors must register on the "Cryptocurrency Loss Claims Portal" before April 30, 2025, for their claims to be considered, the company reported. Claims submitted after the deadline will be dismissed.
To file a claim, creditors must provide proof of ownership of their cryptocurrency holdings, including wallet addresses for natively stored assets and read-only API keys for cryptocurrencies held on centralized exchanges.
Terraform will also consider transaction records and account statements as "manual evidence," but claims backed by these documents may face longer review times.
Terraform stated that it could reimburse its creditors between $185 million and $442 million as part of a reorganization plan approved by U.S. bankruptcy judge Brendan Shannon.