Bankrupt Terra (LUNA) has officially started accepting investor claims.
Victims of the Terra (LUNA) collapse who wish to participate in the bankruptcy voting process must file their claims by August 21, as per a recent order from a Delaware bankruptcy court.
Issued on July 19, the notice stipulates that individuals must submit a preliminary crypto loss form to Epiq, the debtor claims and noticing agent, to be eligible to vote on Terra’s Chapter 11 bankruptcy plan.
Failure to meet this deadline will result in claimants being excluded from voting on the debtor’s plan but will not prevent them from filing a crypto loss claim later. The court will establish future procedures for late claims.
Claims can be filed online or sent by mail to Epiq Corporate Restructuring.
The collapse of LUNA over two years ago led to substantial financial losses. Recently, former Montenegrin prime minister Dritan Abazović alleged that Do Kwon attempted to sell LUNA tokens at a significantly undervalued price to Milojko Spajić, who later sold them at a much higher rate. Kwon is currently awaiting extradition from Montenegro to the US or South Korea.
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