TerraForm Labs, the company behind the collapsed Luna token and TerraUSD StableCoin, opens a portal on March 31 to allow investors to file for cryptotab requirements tied to the company’s downfall and subsequently bankruptcy.

The online system operated by the requirement administrator Kroll is part of the company’s court-monitored wind process. Investors have until April 30 at 1 p.m. 23:59 one to submit claims through claim.Terra.money. Late submissions will not be considered, which means that those who miss the deadline will lose their right to any improvement, according to a medium -sized post.

Qualified requirements must be bound to specific cryptocurrencies listed in the case documents and are held during the period around the collapse of the Terra Ecosystem. Remarkably, assets with less than $ 100 in liquidity on the chain and certain other-as Terra 2.0’s Luna-not will qualify.

Complaints must also provide evidence of ownership. The preferred method is read-only API keys from exchanges that the administrator considers more reliable than screens or manually uploaded documents. The post adds that those who use manual proof may face extended review periods or risk their claims being completely refused.

Once filed, requirements will be reviewed and verified. The original decisions will be shared within 90 days of the deadline and approved requirements are eligible for pro rata distributions when the treatment is completed.

The Terra -Ecosystem collapsed in 2022, which led to the greatest destruction of wealth of just three days in the history of cryptocurrency. Luna’s market capitalization fell from over $ 41 billion to $ 6 million during this period.
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