Search
Close this search box.

Terraform Labs Loss Claims Voting Update

SHARE

Terraform Labs Loss Claims Voting Update

SHARE

Table of Contents

  • Terraform Labs has set a deadline for filing claims for August 21, 2024
  • They have also released a statement specifying the rules for filing a claim
  • Submitting claims can anyone who has faced a loss from individuals to corporations
  • It is mandatory to show Crypto Loss Proof of Claim

Terraform Labs Pte. Ltd. and Terraform Labs Limited have notified creditors to file cryptocurrency-related claims in their Chapter 11 Plan. 

They have set guidelines to adhere to, and the deadline for filing preliminary forms of Crypto Loss Proof of Claim is August 21, 2024.

They have defined the categories required to file, among them:

  • Trusts
  • Individuals
  • Partnerships
  • Corporations
  • Joint ventures
  • Governmental entities

An important point: there are exceptions to the filing of claims, namely those that have been previously filed in substantially similar form, claims already allowed by court order, paid claims, claims between Terraform Labs divisions, and those who have elected not to vote on the plan.

Among guidelines that creditors must meet to be eligible to vote on a proposed Chapter 11 plan:

  • Claims must be written in English
  • Expressed in U.S. dollars
  • Filed through Epiq’s website or by mailing it to Epiq Corporate Restructuring, LLC
  • Electronic filing is encouraged, but paper documents are also accepted

An important point again: if a holder fails to file a Preliminary Crypto Loss Proof of Claim, it will not be considered a creditor for voting on the Chapter 11 plan.

Join our Legends Community Today!
Gain access to exclusive insights, trading setups 
and daily market reports.

SHARE

Related Post

Buy / Sell Bitcoin

Rating: 90%

Conveniently buy/sell Bitcoin with EUR

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platforms

bybit-logo

Rating: 98%

Claim up to $30,050 in Bonus

100x Leverage

Rating: 90%

Get  20,000USDT in Bonus

Rating: 80%

Get up to  $8,100 in Welcome Bonus

Follow Us