Terraform Labs will launch a Crypto Loss Claims Portal on March 31, 2025, enabling investors impacted by the 2022 collapse of terrausd (UST) and associated cryptocurrencies to seek compensation.
Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30.
Terraform Labs, the company behind the collapsed Luna token and TerraUSD stablecoin, is launching an online claims portal on March 31. The portalclaims.terra.moneywill allow eligible investors to file for compensation tied to the companys 2022 downfall and ongoing bankruptcy process.
The crypto investment giant Galaxy Digital has settled with the New York State Attorney General for $200 million after facing allegations that it illegally propped up the ill-fated LUNA token.
Creditors must file claims by April 30, 2025, to seek potential recovery.
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.
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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.
Terraform Labs has launched an official claims portal for victims of the TerraUSD (UST) collapse, enabling creditors to seek compensation for their crypto losses linked to the failed Terra ecosystem. The move follows the company's court-approved bankruptcy wind-down plan and a $4.47 billion settlement with the US Securities and Exchange Commission (SEC). Terraform's portal, claims.terra.
Terraform Labs announced that its Crypto Loss Claims Portal will open on March 31, 2025, as part of its effort to manage creditor claims following the 2022 UST collapse. The post Terraform Labs Creditors Can File Crypto Loss Claims from March 31 appeared first on Cryptonews.
Terraform Labs is opening a claims portal for victims of the TerraUSD collapse, offering a chance for creditors to recover their losses after the company's bankruptcy, the company announced on Friday. The Crypto Loss Claims Portal opens on March 31, 2025, at claims.terra.money. Creditors have until April 30, 2025, at 11:59 p.m.
The claims portal's launch highlights ongoing challenges in crypto accountability and may influence future regulatory frameworks and investor trust. The post Terraform Labs opens claims portal for creditors to address crypto losses appeared first on Crypto Briefing.
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A judge at the Manhattan federal court granted a delay in a status conference planned for Do Kwon, the embattled co-founder of Terraform Labs.
Do Kwon's legal saga continues to intensify as new developments emerge.
The legal troubles of Do Kwon are far from over. A US federal judge has postponed his court hearing, originally set for March 6, after prosecutors uncovered a massive amount of new evidence.
Do Kwon's US court hearing has been postponed to April 10 as prosecutors review 4 terabytes of new evidence in the Terra collapse fraud case.
Manhattan Judge Paul Engelmayer has postponed a court hearing for former Terraform Labs CEO Do Kwon, allowing both sides more time to review new evidence.
A Manhattan federal judge has pushed back the United States government's case against former Terraform Labs chief executive Do Kwon. The post US Case Against Do Kwon Delayed as Prosecutors Review Massive New Evidence Trove appeared first on Cryptonews.
It seems like Do Kwon's fate is set in stone! Terraform Labs co-founder Do Kwon's U.S. court hearing has been postponed after prosecutors uncovered a massive trail of new evidence. Originally set for March 6, the hearing will now occur on April 10, giving both sides more time to review the findings.
The next hearing in the US government's case against Terraform Labs co-founder Do Kwon has been delayed until April after prosecutors said they found another four terabytes of evidence.
A US federal court has postponed a key hearing in the case against Terraform Labs co-founder Do Kwon after prosecutors submitted an extensive amount of new evidence, significantly broadening the case.
XRP lawyer John Deaton has accused the US Securities and Exchange Commission (SEC) of targeting legitimate crypto companies while ignoring actual fraudsters like Sam Bankman-Fried (SBF) and Do Kwon in a post on X today.
South Korea's Supreme Court has upheld a lower court ruling that TerraUSD and LUNA tokens aren't considered financial investment products under the Capital Markets Act, as reported by Korean newspaper Etoday ¹. This decision means TerraUSD and LUNA can't be classified as regulated securities, which will impact ongoing legal proceedings against Terraform Labs executives, including co-founder Shin Hyun-Seong. The post Collapsed TerraUSD and LUNA Not Financial Investment Products: South Korea's Supreme Court Rules appeared first on Cryptonews.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.