Victims of the Terra/LUNA collapse who need to vote in chapter proceedings have till August 21 to file claims for any crypto losses or forfeit any say within the debtor’s plan, in accordance with a Delaware chapter courtroom.
The discover, ordered on July 19, says claimants should submit a preliminary crypto loss type to the debtor claims and noticing agent, Epiq, as a part of Terra’s Chapter 11 chapter proceedings.
In accordance with the discover, Terra/LUNA victims failing to submit their claims earlier than the deadline, “Shall not be treated as a creditor with respect to such claim solely for the purposes of voting on the Debtors’ Plan.”
That is just for the voting plan, and the discover 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.”
Learn extra: Montenegro PM Milojko Spajić might have met with Do Kwon, report
Claimants can apply on-line or ship a bodily declare by way of mail to Epiq Company Restructuring.
LUNA collapsed over two years in the past, wiping out tens of billions of {dollars}. Former Montenegrin prime minister Dritan Abazović just lately claimed that Do Kwon might have met together with his successor Milojko Spajić to promote LUNA tokens to his Singapore hedge fund Das Capital.
In accordance with Abazović, Do supplied Spajić tens of millions of tokens at 10 cents a chunk and he allegedly offered them at $118. As for Do, he’s nonetheless ready to be extradited from Montenegro to both the US or South Korea.
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