Terraform Labs

Terraform Labs has obtained approval from a Delaware court to end its operations through bankruptcy procedures. Learn the complete news here!

Terraform Labs Allowed to Shut Down Operations Through Bankruptcy Process

<img src="https://static.bittime.com/cms-static/upload/Terraform_Labs_Allowed_to_Shut_Down_Operations_Through_Bankruptcy_Process_311a22352a.png" alt="Terraform Labs Allowed to Shut Down Operations Through Bankruptcy Process" width="1024" height="576"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Terraform Labs, the company behind the controversial stablecoin TerraUSD and her sister's token Officer, has obtained approval from a Delaware court to end its operations through bankruptcy procedures.&nbsp;This decision follows the company's agreement with US Securities and Exchange Commission (SEC), which accused Terraform Labs of defrauding investors in the 2022 collapse of its TerraUSD and Luna tokens, resulting in losses of approximately $40 billion.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogslabuanbajo?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/dogs_labuan_bajo_ac02e8cbe5.webp" alt="dogs labuan bajo.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;" dir="ltr">The collapse of TerraUSD and Luna</h2>The collapse of TerraUSD and Luna in May 2022 was a seismic event in the cryptocurrency market. TerraUSD, a stablecoin designed to maintain a 1:1 peg with the US dollar, lost its peg, causing a chain effect that also caused&nbsp;Luna to plummet in value. This collapse resulted in significant financial losses for many investors.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;" dir="ltr">SEC Allegations and Legal Proceedings</h2>Following the collapse, the US Securities and Exchange Commission (SEC) filed a lawsuit against Terraform Labs and its founder, Do Kwon, accusing fraud and defrauding investors.&nbsp;The SEC accused the company of misleading investors about the stability of TerraUSD and falsely claiming that its blockchain was used in a popular mobile payment app in South Korea.Terraform Labs and Do Kwon denied the allegations, but the SEC lawsuit led to a series of legal proceedings. In April 2023, a Manhattan jury found Terraform Labs guilty of defrauding investors.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><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:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;" dir="ltr">Bankruptcy and Settlement</h2>In response to legal proceedings, Terraform Labs filed for bankruptcy in January 2023. The company later agreed to a $4.47 billion settlement with the SEC. However, this settlement does not guarantee that the SEC will be able to recover the full amount.&nbsp;Under the terms of the bankruptcy liquidation agreement, the SEC will only be paid after Terraform Labs satisfies its claims from cryptocurrency investors and other stakeholders.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;" dir="ltr">Conclusion</h2>The court's approval of Terraform Labs' plan to end its operations marks an important milestone in the aftermath of the 2022 collapse. Although the company's bankruptcy process will likely take time, this decision has far-reaching implications for the cryptocurrency industry.&nbsp;The case has highlighted the risks associated with stablecoins and the importance of regulatory oversight in the crypto market.As Terraform Labs moves forward with the process of winding down its operations, the implications of its 2022 collapse and subsequent legal battle will continue to be felt in the cryptocurrency industry. The court's approval of the bankruptcy procedure marks an important step in the aftermath of one of the most dramatic events in cryptocurrency history.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on 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><meta charset="utf-8"><meta charset="utf-8">Want to trade sell<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id"> buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

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Terraform Labs Allowed to Shut Down Operations Through Bankruptcy Process.png

Terraform Labs is approaching a pivotal moment as its Chapter 11 bankruptcy reorganization hearing is scheduled for September 19 in Beijing. Read more!

Terraform Labs Subject to Trial in the Midst of Bankruptcy Crisis

<img src="https://static.bittime.com/cms-static/upload/Terraform_Labs_Subject_to_Trial_in_the_Midst_of_Bankruptcy_Crisis_57963a50a8.webp" alt="Terraform Labs Subject to Trial in the Midst of Bankruptcy Crisis." width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Terraform Labs is approaching a watershed moment as its Chapter 11 bankruptcy reorganization hearing is scheduled for Sept. 19 in Beijing. The outcome of these court dates will determine whether the company can rise from the ashes or face total liquidation.<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>Terraform Labs' troubles began in May 2022 with the de-pegging of its algorithmic stablecoin UST from the US dollar. This crisis triggered a domino effect that wiped out billions in investor funds and sent shockwaves through the crypto ecosystem.The collapse not only damaged investor confidence, but also attracted the attention of regulators. In February 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Terraform Labs, alleging securities violations.Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/prediksi-xrp-2024-populer-di-seluruh-dunia">Popular XRP 2024 Predictions Worldwide</a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:10pt;text-align:justify;" dir="ltr">Terraform Labs Faces $4.5B Settlement&nbsp;</h2>January 2024 marked a turning point for Terraform Labs when they filed for Chapter 11 bankruptcy in Delaware. This began a complex legal process to determine the company's future.&nbsp;Do Kwon, co-founder and former CEO, was embroiled in controversy and faced legal consequences.In July 2024, a significant development emerged when Terraform Labs and Kwon settled with the SEC for a whopping $4.5 billion. This settlement, one of the largest in crypto history, includes penalties, refunds and interest.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a>Additionally, it effectively banned both Kwon and Terraform Labs from the crypto industry, signaling a definitive end for these once influential companies.As part of the bankruptcy process, Terraform Labs is currently attempting to sell key assets to meet its financial obligations under the SEC settlement.&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:10pt;text-align:justify;" dir="ltr">Terraform Labs Asset Release</h2>The company owns key assets including platforms such as Pulsar Finance (portfolio tracking), Station (crypto wallet), Enterprise (no-code DAO management), and Warp (smart contract automation).Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/alasan-di-balik-meroketnya-harga-tars-ai-tai">The Reason Behind the Skyrocketing Price of Tars AI (TAI)</a>Terraform Labs is offloading these assets, once considered valuable in their ecosystem, to raise the necessary funds. This strategic move demonstrated the company's desperate financial situation.SEC Settlement Puts Heavy Burden on Crypto The massive $4.5 billion SEC settlement serves as a stark reminder of the consequences associated with breaking the law in the crypto industry.&nbsp;This underscores the importance of responsible innovation and compliance with regulatory guidelines.<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>However, the court-approved reopening of the Shuttle Bridge, a key component in the Terraform Labs blockchain ecosystem, and the destruction of a large number of LUNA tokens offer a glimmer of hope for a potential restructuring.The September 19 hearing will be a critical event for Terraform Labs, which will decide whether the company can successfully navigate these legal hurdles and emerge from bankruptcy, albeit in much reduced form.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on 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><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, 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;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

Terraform Labs Subject to Trial in the Midst of Bankruptcy Crisis.

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Terraform Labs Subject to Trial in the Midst of Bankruptcy Crisis.webp

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.

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Terra Bankruptcy Confirmation Hearing.webp

Terra Bankruptcy Confirmation Hearing Scheduled for September 19

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.

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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.

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Terra Bankruptcy Claims.webp

Terra: Deadline for Filing Bankruptcy Claims Before August 10

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Terra: Deadline for Filing Bankruptcy Claims Before August 10

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