Terraform Labs Creditors Have a Month to Submit Claims for Losses

Quick Summary:

Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30.

Applicants will have to submit evidence supporting their filings, including wallet addresses in which Terra-based cryptocurrencies were held, as well as transaction logs for any users who sold tokens at a loss after the May de-peg.

Last September, Terra revealed that it would be able to disburse between $184.5 million and $442.2 million to creditors, yet it admitted that the total value of eligible losses may be “impossible to estimate.

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Article Details

Author / Journalist: Simon Chandler

Category: Crypto

Markets: Estonia

Topics: Coins Terra-luna-2 Luna-wormhole

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 17:37:51 (2 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27447339

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About Decrypt

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Official Website: decrypt.co

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Headquarters: Estonia

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