Terraform Labs launches claims portal for creditors affected by TerraUSD collapse
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Terraform Labs is launching a Crypto Loss Claims Portal on March 31, 2025, allowing creditors to file claims for losses from the TerraUSD collapse. The portal will be open until April 30, 2025, and is part of the company's bankruptcy process. Simultaneously, Terraform Labs has settled with the SEC for $4.47 billion to cover investor losses. Co-founder Do Kwon faces potential extradition after Montenegro's court rejected his appeal.
March 28, 2025 | 8:30 am
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NEUTRAL IMPACT
The claims portal offers a structured process for creditors to recover losses from the TerraUSD collapse, potentially providing some financial relief to LUNAUSD token holders.
The claims portal directly impacts LUNAUSD investors by providing a formal mechanism to potentially recover some losses from the 2022 cryptocurrency collapse.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100