Terraform Labs terminates the opening of the crypto claim for terra/luna crash victims on March 31, 2025 to
<p> <strong> Terraform Labs terminates the opening of the crypto claim for terra/luna crash victims on March 31, 2025 to </strong> </p>
Terraform Labs opens the claim for victims of Terra/Luna crash
Terraform Labs announced on March 28, 2023, the starting date of the claim portal for the victims of Terra/Luna crash-one of the largest crypto scandals in recent years. From March 31, 2025, creditors have the opportunity to submit claims for losses that arose after the collapse of the Terra USD token.
most important details about the claim for claim
According to the announcement, creditors must first register on the online portal before they can submit a claim. The deadline for submission ends on April 30, 2025 at 11:59 p.m. Eastern Time. For the submission, proof of ownership is required, which varies depending on the location of the stocks.
For creditors who have kept assets in the Terra ecosystem or other supported networks, it is necessary to sign a transaction via their wallet in the portal, whereby this process is free of charge. For those who manage their stocks on other platforms or stock exchanges, it is recommended to provide a writing-protected API key to ensure authenticity. Manual evidence, such as transaction protocols or account statements, are also approved, but claims that are based exclusively on manual evidence could be subjected to a longer review and possibly rejected.
After the proof of ownership has been provided, creditors must fill out the corresponding claim form on the portal. It is important to complete all details about purchases, stocks and all associated transactions, including sales, swaps or staking. Claims that are submitted after the deadline on April 30, 2025 are not taken into account, which leads to a loss of possible reimbursements.
Legal developments and corporate responsibility
The introduction of the claim for claims follows significant legal developments around Terraform Labs. About six months ago, the company agreed with the US Securities and Exchange Commission (SEC) on payments of $ 4.47 billion due to allegations of securities fraud. This agreement encompassed that Terraform Labs led investors into the stability of its digital assets, especially terrausd. Part of the comparison payments are used to compensate for investors of affected investors and should strengthen the regulatory supervision in the cryptocurrency sector.
In addition, Terraform Labs reported bankruptcy and began with a structured dismantling of its activities, whereby the claim for claim is an important part of this procedure and offers creditors to apply for compensation for financial losses.
In another important step, Do Kwon, the co -founder of Terraform Labs, was delivered to the United States in December 2024. He faces several allegations of fraud in connection with the collapse of Terrausd and Luna.Course development by Terra Luna
Despite these developments, Terra Luna's course has dropped by almost 8 percent in the last 24 hours and was traded for $ 0.1987 at the time of this letter. The course of Terra Luna Classic also fell by almost 6 percent during this time and is listed on Coingecko for $ 0.00006253.
The developments related to Terraform Labs and the associated legal steps continue to shape the regulatory framework for digital assets and are expected to create significant precedent for investor protection and corporate responsibility.