Terra victims have one month to file crypto loss claims, court
Victims of the Terra/LUNA collapse who want to vote in bankruptcy proceedings have until August 21 to file claims for any crypto losses or forfeit any say in the debtor’s plan, according to a Delaware bankruptcy court.
The notice, ordered on July 19, says claimants must submit a preliminary crypto loss form to the debtor claims and noticing agent, Epiq, as part of Terra’s Chapter 11 bankruptcy proceedings.
According to the notice, Terra/LUNA victims failing to submit their claims before the deadline, “Shall not be treated as a creditor with respect to such claim solely for the purposes of voting on the Debtors’ Plan.”
This is only for the voting plan, and the notice stresses that claimants who miss this deadline, “will not be barred from submitting a crypto loss claim at a future date, which will be established by procedures that will be disclosed in the future.”
Read more: Montenegro PM Milojko Spajić may have met with Do Kwon, report
Claimants can apply online or send a physical claim via mail to Epiq Corporate Restructuring.
LUNA collapsed over two years ago, wiping out tens of billions of dollars. Former Montenegrin prime minister Dritan Abazović recently claimed that Do Kwon may have met with his successor Milojko Spajić to sell LUNA tokens to his Singapore hedge fund Das Capital.
According to Abazović, Do offered Spajić millions of tokens at 10 cents a piece and he allegedly sold them at $118. As for Do, he’s still waiting to be extradited from Montenegro to either the US or South Korea.
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