Terraform Labs to open the crypto creditor claims portal on March 31

PANews March 28th news, Terraform Labs, the company behind TerraUSD and LUNA, will open its claims portal for cryptocurrency creditors on March 31 after filing for Chapter 11 bankruptcy in January 2024. Eligible creditors must register on the Claims Portal by April 30, 2025. Claims filed after the deadline will not be accepted. To file a claim, creditors must provide proof of their cryptocurrency ownership, including the wallet address of the native asset and the read-only API key of the cryptocurrency held by the centralized exchange. Previously, Reuters reported that Terraform said it could repay $185 million to $442 million to creditors as part of a restructuring plan approved by U.S. bankruptcy judge Brendan Shannon.