Terraform Labs Opens Crypto Loss Claims Portal: How to File

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🚨 Crypto Loss Claims Portal Opens: Don’t Miss Your Chance to Get Paid! 🤑

Terraform Labs Opens Crypto Loss Claims Portal: How to File

The Crypto Loss Claims Portal, managed by Kroll Restructuring Administration, is like a magical portal to your lost crypto treasure! And guess what? It’s opening on March 31, 2025! 🎉 You can access it through the website claims.terra.money, but don’t get too excited, it will only be open until April 30, 2025. So, mark your calendar, or you might miss the boat! 🚣‍♀️

How to File a Claim (Without Losing Your Mind)

To submit a claim, you’ll need to register on the portal and upload documents proving you’re the rightful owner of those lovely coins you got from Terraform Labs’ platform. Don’t worry, it’s not as painful as it sounds! You can do it all electronically, and the best part? No fees for signing transactions related to the identified assets! 🎉 Just remember, claims will only be accepted for assets that meet the eligibility requirements, so don’t even think about trying to sneak in Luna 2.0 or any other excluded assets. 🚫

And, if you’re one of those creditors holding assets on other platforms, don’t worry! You’ll just need to provide some extra evidence, like transaction history or account statements, or use a read-only API key for verification. Easy peasy! 🤓 The portal will give you an initial decision or notification of further review within a 90-day period following the April 30 deadline. And, if you’re lucky, the Plan Administrator will decide to distribute some benefits to you! 🤑

Terraform Labs’ SEC Settlement and Bankruptcy Process (A.K.A. The Drama Unfolds)

Terraform Labs has been in some hot water, folks! They got a fraud ruling from the U.S. Securities and Exchange Commission (SEC) in April, which led to some pretty significant losses for investors. But, as part of a settlement with the SEC, they’re required to pay $4.47 billion to cover those losses. And, get this, they’ll use some of Do Kwon’s PYTH tokens to fund it! Talk about a plot twist! 🤯

Do Kwon’s Legal Troubles Intensify (The Never-Ending Saga)

Do Kwon, Terraform Labs’ co-founder, is in some serious trouble! The Constitutional Court of Montenegro recently rejected his appeal to avoid extradition to the United States. This means he’s one step closer to facing charges related to the TerraUSD collapse. And, let’s be real, folks, it’s only a matter of time before he’s extradited to the U.S. to face more charges! 😳

So, there you have it! The Crypto Loss Claims Portal is opening soon, and it’s your chance to get some of that lost crypto treasure back! Don’t miss your chance, or you might end up like Do Kwon… 😳

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2025-03-28 21:23