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Urgent: Terra Community Must File Crypto Loss Claims For Voting Rights Now

Bitcoinist LogoBitcoinist12h ago

Urgent: Terra Community Must File Crypto Loss Claims For Voting Rights Now - Bitcoinist

Quick Summary:

The United States Bankruptcy Court for the District of Delaware has announced that stakeholders of Terraform Labs Pte.Ltd.(TFL) and Terraform Labs Limited (TLL) are required to submit their preliminary Crypto Loss Proofs of Claim by August 21, 2024, at 5:00 pm (ET).

However, this will not bar them from filing a claim for future distributions under the confirmed plan, highlighting the procedural nuances of these bankruptcy cases.

The court has detailed that stakeholders with claims against TFL arising before January 21, 2024, and TLL prior to July 1, 2024, must file by the stipulated deadline to ensure their participation in the voting process.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 12:00:50 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21750956

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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