Terra

Terra announced the bankruptcy confirmation hearing date for Terraform Labs in its Chapter 11 bankruptcy case.  

Terra Bankruptcy Confirmation Hearing

<img src="https://static.bittime.com/cms-static/upload/Terra_Bankruptcy_Confirmation_Hearing_5d0ab19065.webp" alt="Terra Bankruptcy Confirmation Hearing.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Terra announced bankruptcy confirmation hearing dates for Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) in Chapter 11 bankruptcy cases.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">The Fall of Terra</h2>Terra is starting to attract global attention for its unique approach to algorithm-backed stablecoins.&nbsp; However, Terra experienced a major crisis in mid-2022, leading to a drastic collapse in the prices of its flagship LUNA token and UST stablecoin.This collapse had a huge impact not only on investors, but also on the Terra ecosystem. Many projects that depended on the stability of UST and LUNA were destroyed in a matter of days.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/terra-perpanjang-batas-waktu-untuk-klaim-kerugian">Terra Extends Deadline for Terra Loss Claims</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Terra Bankruptcy Hearing</h2>This then sparked numerous lawsuits and ultimately prompted Terraform Labs to file for Chapter 11 bankruptcy, which is designed to provide temporary protection while finding the best possible outcome for all parties involved. Terra's bankruptcy trial is scheduled to take place on September 19 2024, at 21.00 UTC+7.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">What is Bankruptcy Chapter 11?</h2>Chapter 11 is a type of bankruptcy that allows a company to restructure debts while remaining operational. In Terraform Labs' case, Chapter 11 provides time for the company to evaluate its financial situation, explore restructuring options, and negotiate with creditors.&nbsp;The main goal of this process is to develop a plan that maximizes value for creditors and allows the company to get back on its feet.A confirmation hearing is very important in the bankruptcy process. At this hearing, the court will review the restructuring plan submitted by Terraform Labs and decide whether the plan can be approved.&nbsp;If approved, Terraform Labs will be able to proceed with a restructuring process with court support, which could include repayment of some debts, sale of assets, or other steps deemed necessary.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/terraform-labs-berencana-jual-4-bisnis-utamanya">Terraform Labs Plans to Sell Its 4 Main Businesses for $4.5 Billion&nbsp;</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SUN)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Terra Bankruptcy Confirmation Hearing.webp

Terra Bankruptcy Confirmation Hearing.webp

Terra Bankruptcy Confirmation Hearing Scheduled for September 19

Terra announced that it will be upgrading its network tonight. Transactions will be temporarily suspended.

Terra Upgrades Network, Transactions Temporarily Suspended

<img src="https://static.bittime.com/cms-static/upload/Terra_Upgrades_Network_95e79dfbc6.webp" alt="Terra Upgrades Network" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Terra announced that it will be upgrading its network tonight. Read this article to find out the full news!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Terra Upgrade Schedule</h2>This Terra upgrade is scheduled to be carried out at block height 11550000, which is expected to occur on August 8 2024 at 21:18 WIB. During this upgrade period, transactions on the Terra network will be temporarily suspended.Users are also expected to prepare themselves and avoid carrying out important operations or transactions during this time. This is to ensure that there are no retained funds or failed transactions during the upgrade period.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/sempat-gangguan-terra-kembali-beroperasi">After a disruption, Terra is back in operation after an emergency update</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Transaction Temporarily Suspended</h2>As mentioned, during the network upgrade, all transactions on the Terra network will be suspended. This means that sending and receiving <a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/LUNA-IDR?content_id=news&amp;cn=400001">LUNA tokens</a> or other assets on the Terra network will not be processed until the Terra upgrade is complete.&nbsp;This temporary suspension is a common step taken by many blockchains during upgrades to ensure that changes to the network can be implemented safely and effectively without any disruption that could harm users.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Network Security During Terra Upgrade</h2>Terra has ensured that this upgrade is carried out safely. However, as with all blockchain upgrades, there are certain inherent risks, such as the potential for technical issues or other glitches. Users are also advised to remain alert and follow the latest developments from the Terra team via official social media.Meanwhile, for developers and users of DApps built on the Terra network, it is important to ensure that their applications are compatible with the new version of the network after the upgrade. This may require some adjustments to the code or application configuration to ensure that everything runs smoothly once the network is back up and running.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/terra-perpanjang-batas-waktu-untuk-klaim-kerugian">Terra Extends Deadline for Terra Loss Claims</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Terra Upgrades Network.webp

Terra Upgrades Network.webp

Terra Upgrades Network Tonight, Transactions Temporarily Suspended

After experiencing disruptions, the Terra blockchain has finally resumed normal operations. 

Had a Disruption, Terra Back in Operations  

thumbnail_Terra Back in Operations.webp

Terra Back in Operations.webp

Had a Disruption, Terra Back in Operations After Emergency Update

Terra has extended the deadline for claiming damages for Terraform Labs' bankruptcy to August 22, 2024 at 12:00 pm CET. 

Deadline for Terra Loss Claims

<img src="https://static.bittime.com/cms-static/upload/Terra_Extends_Deadline_for_Terra_Loss_Claims_80814ba5f9.webp" alt="Terra Loss Claims" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Terra officially announced that the deadline for claiming losses for the bankruptcy of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been extended to 22 August 2024 at 12.00 WIB.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Terra Loss Claim Deadline&nbsp;</h2>This time limit change is particularly important for holders of TFL and TLL-related loss claims. This deadline is established for the purpose of voting in a Chapter 11 bankruptcy plan and is not related to claim rights or distribution of funds. Therefore, it is critical that eligible Terra community members submit their claims before the deadline.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Terra Loss Claim Deadline Details&nbsp;</h2><ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">TFL Claim: Claims against TFL that arise before January 21, 2024 must be submitted before the claim deadline of August 22, 2024.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">TLL Claim: Claims against TLL that arise before July 1, 2024 must also be submitted before the claim deadline of August 22, 2024.</li></ol>Terra community members who meet these requirements must immediately file a claim to ensure their voting rights in the Chapter 11 bankruptcy process.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Claim Terra Losses Before the Deadline</h2>Filing a claim before the specified deadline is critical to ensuring that the claim is considered in the Chapter 11 bankruptcy plan voting process.&nbsp;While this deadline is for voting purposes only and does not affect claim or distribution rights, filing a claim on time will ensure that the votes of claim holders are taken into account in important upcoming decisions.<h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Method File a Terra Loss Claim&nbsp;</h2>&nbsp;To file a loss claim for Terra's bankruptcy, Terra community members must follow the following steps.<ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Kcollect the necessary documents, pensure that all documents supporting the loss claim have been prepared and are complete.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Visit the official Terra website or the site provided for the claim process to access the proof of claim form and complete instructions.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Fill in the claim form with accurate and complete information according to the instructions provided.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Submit the completed claim form along with supporting documents before the specified deadline.</li></ol>By following these steps, claim holders can ensure that their claims are received and processed in a timely manner.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Terra Extends Deadline for Terra Loss Claims.webp

Terra Extends Deadline for Terra Loss Claims.webp

Terra Extends Deadline for Terra Loss Claims

Terra stated that the deadline for filing bankruptcy claims is August 10, 2024 at 06:00 WIB.

Terra Bankruptcy Claim Before August 10

<img src="https://static.bittime.com/cms-static/upload/Terra_Bankruptcy_Claims_8e84f2cd5f.webp" alt="Terra Bankruptcy Claims.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Terra stated that the deadline for filing <a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/terraform-labs-berencana-jual-4-bisnis-utamanya">bankruptcy claims for Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL)</a> is August 10 2024 at 06:00 WIB.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_beb1f19718.webp" alt="Lucky Draw Bittime.webp" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Terra Announcement Details</h2>Mvia official social media, Terra officially announces that all claims against TFL arising before January 21, 2024, or claims against TLL appearing before July 1, 2024, must be submitted before the deadline on August 10, 2024.&nbsp;All parties who have claims against this company must immediately submit a claim before the specified deadline. That way, creditors' claims can be accepted and processed in accordance with applicable regulations.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_ff752494f6.webp" alt="Staking Meme Coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">File a Claim Before the Deadline</h2>Filing a claim before the deadline is essential to ensure that the claim is considered in the bankruptcy process.&nbsp;In the context of bankruptcy law, claims that are not filed on time may be waived, meaning creditors may lose their right to obtain a share of the assets that will be distributed.&nbsp;Therefore, all parties who feel they have a claim must immediately prepare the necessary supporting documents and evidence and submit their claim before August 10, 2024.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Airdrop_Hamster_Kombat_Bittime_35b4153445.webp" alt="Airdrop Hamster Kombat Bittime.webp" width="1600" height="332"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Cryptocurrency Claim Exclusion</h2>It is important to note that Terra has an excluded cryptocurrency (Excluded Cryptocurrency Claim). And for excluded cryptocurrencies, this deadline does not apply.&nbsp;For such claims, separate deadlines will be set later. Terra suggests paying attention to the next announcement regarding this matter so you don't miss it.Also read: <a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/harga-render-rndr-melonjak">Harga Render (RNDR) Melonjak Bareng WIF, RON, dan MOG</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Bankruptcy Process: Critical Phase</h2>This announcement has a significant impact on the Terra community, especially for those who have invested in or have business relationships with TFL and TLL.&nbsp;This bankruptcy process marks a critical phase in the company's restructuring efforts, which can influence the value and future of projects and tokens associated with Terra.&nbsp;With a clear deadline, communities are expected to prepare well and take the necessary steps to protect their interests.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_5d56928673.webp" alt="Cara Beli Crypto di Bittime.webp" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

Terra Bankruptcy Confirmation Hearing Scheduled for September 19

Terra Upgrades Network Tonight, Transactions Temporarily Suspended

Had a Disruption, Terra Back in Operations After Emergency Update

Terra Extends Deadline for Terra Loss Claims

Terra: Deadline for Filing Bankruptcy Claims Before August 10