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Nonoperational blockchain firm Terraform Labs confirmed opening its crypto loss claims portal on 31 March. That comes after the company filed for insolvency in January 2024. It applied for Chapter 11 bankruptcy after its $40 billion empire fell in 2022. As part of its closure, Terraform Labs introduced a crypto loss claims portal.
Trump is shaking things up in crypto again! This time, he's handing out pardons, and the latest beneficiaries are BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed. The trio had pleaded guilty to breaking banking laws, but Trump's move wipes their records clean.
The claims process requires proof of ownership, with on-chain verification preferred over manual submissions to avoid delays or rejections.
The New York Attorney General and Galaxy Digital have agreed to a settlement over the firm's handling of LUNA before its 2022 collapse.
Terraform Labs — the company behind LUNA (LUNA) and algorithmic stablecoin TerraUSD (UST) — will launch its crypto loss claims portal on March 31. The portal is aimed at reimbursing individuals who lost at least $100 due to the collapse of the Terra ecosystem in 2022.The move follows a Delaware court's approval for Terraform Labs to wind down operations.
Terraform Labs will open its claims portal for crypto creditors on March 31, 2025, allowing individuals impacted by its bankruptcy to submit claims. The portal will help those who suffered losses due to the collapse of TerraUSD and other cryptocurrencies related to Terraform Labs' operations.
The New York Attorney General (AG) office has commenced an investigation on Galaxy Digital with a settlement of $200 million over its involvement in the LUNA cryptocurrency. The crypto crashed alongside Terra Blockchain powered by Terraform Labs and led to the erasure of over $40 billion in investor funds.
Terraform Labs' Crypto Loss Claims Portal opens on March 31, 2025, and closes on April 30, 2025. Creditors must submit proof of ownership; manual evidence may slow review or risk rejection.
Sunsetting its operations after getting slapped with a $4.47B fine, TerraForm is getting ready to reimburse investors.
Terraform Labs' crypto claims portal will open on March 31 nearly three after Terra's $40 billion ecosystem collapsed.
Galaxy Digital faces a $200M fine for manipulating Luna's market, highlighting deceptive practices and raising concerns about transparency and accountability in the cryptocurrency industry. The post Galaxy Digital Fined $200M for Luna Manipulation and Fraud appeared first on Cryptonews.
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG), following allegations the firm failed to disclose its financial interests while promoting the now-collapsed LUNA cryptocurrency. What Happened: The agreement, revealed through a state filing, resolves a case brought under the Martin Act and Executive Law, Axios reported.
Galaxy Digital has reportedly agreed to a $200 million settlement with the NYAG over allegations of promoting LUNA without transparency.
TL;DR Claims Portal Launched: Terraform Labs opens a Crypto Loss Claims Portal on March 31, 2025, for creditors impacted by the TerraUSD collapse. Submission Deadline & Requirements: Creditors must file claims with verified proof of ownership by April 30, 2025, using methods tailored to where their assets were held.
Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024, respectively
Terraform Labs, the bankrupt firm behind the failed TerraUSD (UST) stablecoin, has launched a crypto claims portal. This platform is designed to compensate users affected by the project's dramatic crash in 2022.
A legal filing from this morning accuses the firm of manipulating the price of luna, the token tied to the now-failed algorithmic stablecoin Terra.
The New York Attorney General's office and Galaxy Digital agreed to end a TerraLUNA-related lawsuit with a $200 million settlement.
Michael Novogratz's Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General's (NYAG) office. Allegedly, Galaxy Digital violated the Martin Act and New York Executive Law by promoting LUNA.
Galaxy Digital, a digital assets investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General's Office (NYAG). Per Axios, the settlement relates to alleged misconduct by Galaxy Digital, which is accused of heavily promoting the LUNA token before its catastrophic collapse in 2022.
Terraform Labs announced on March 28 the open date for its Crypto Loss Claims Portal.
Terraform Labs has launched a claims portal for TerraUSD collapse victims, allowing creditors to submit claims by April 30, 2025.
Terraform labs, the Singapore-based company behind the Terra blockchain and its associated cryptocurrencies TerraUSD and Luna, is launching a crypto asset loss claim portal on March 31—claims to be submitted by April 30. On Mar.
Michael Novogratz's Galaxy Digital will pay $200 million over allegations it promoted LUNA while selling millions of tokens at a profit before the token's collapse.
