Terraform Labs Bankruptcy Case: Preliminary Deadline for Cryptocurrency Loss Claims Set for August 22
Publication Time:2024-07-23 10:27:06
Terra has issued an important community notice, announcing the preliminary deadline for submitting cryptocurrency loss claims in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL). This critical date is set for August 22, 2024, at 5:00 AM Beijing Time. It is crucial for users who have filed claims against TFL before January 21, 2024, and those who have filed claims against TLL before July 1, 2024, to complete their claim procedures before August 22. Terra emphasizes that while this date applies to the preliminary cryptocurrency loss claims, it does not apply to allowances or distributions, which will be handled through subsequent Chapter 11 plans.
Terraform Labs
bankruptcy case
cryptocurrency loss claims
preliminary deadline
Chapter 11 plan voting