Blockchain Gaming
Deadline for Crypto Loss Claims in Terraform Labs Bankruptcy Case
Wednesday. July 24 at 2:00 AM
1 min. readThe United States Bankruptcy Court for the District of Delaware has set a deadline for stakeholders of Terraform Labs Pte. Ltd. (TFL) and Terraform Labs Limited (TLL) to submit their preliminary Crypto Loss Proofs of Claim by August 21, 2024. This filing is essential for those wishing to participate in the Chapter 11 plan voting process. Stakeholders with claims against TFL before January 21, 2024, and TLL before July 1, 2024, must meet the deadline to be eligible for voting. The definition of a 'Crypto Loss Claim' includes various crypto assets linked to the Terra ecosystem. Failure to file by the deadline will prevent stakeholders from voting on the plan, but they can still file for future distributions. Terra Luna Classic (LUNC) was trading at $0.00008666 at the time of writing.