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The recent collapse of the Mantra (OM) token triggered comparisons to the infamous Terra ecosystem crash in May 2022, with some commentators referring to Mantra as the “next Terra.” Still, many in the community argue that the two projects share nothing in common besides visual similarities in price charts.
Yesterday, MANTRA (OM) suffered a staggering 90% crash, and it's still spiraling down today. Most notably, OM charts and indicators seem as bad as the 2022 Terra LUNA collapse, if not worse.
If you lost crypto due to the Terra collapse, there's still time to act. Terraform Labs has extended the deadline for victims to file their claims for crypto losses through its official portal.
U.S. prosecutors confirmed that a recent Department of Justice (DOJ) memo narrowing crypto-related enforcement will not impact the criminal case against Do Kwon, co-founder and former CEO of Terraform Labs. During a Thursday hearing in the Southern District of New York, Judge Paul Engelmayer asked if Deputy Attorney General Todd Blanches internal memo would affect charges against Kwon.
Prosecutors said they have no plans to alter the charges against Do Kwon despite a policy shift memo from deputy attorney general.
Prosecutors told a New York judge on Thursday that they don't plan to change the charges against Kwon in light of the memo.
With just one day left, April 10 is shaping up to be a crucial date for Terra Classic (LUNC) and TerraClassicUSD (USTC) investors. This is when Terra co-founder Do Kwon will appear for a conference hearing that could influence the ongoing legal proceedings tied to the 2022 Terra crash.
On-chain records showcase a massive burn of Terra system's native tokens, sparking rebound hopes for LUNC holders.
Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests.
Terraform Labs will launch a Crypto Loss Claims Portal on March 31, 2025, enabling investors impacted by the 2022 collapse of terrausd (UST) and associated cryptocurrencies to seek compensation.
Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30.
Terraform Labs, the company behind the collapsed Luna token and TerraUSD stablecoin, is launching an online claims portal on March 31. The portalclaims.terra.moneywill allow eligible investors to file for compensation tied to the companys 2022 downfall and ongoing bankruptcy process.
The crypto investment giant Galaxy Digital has settled with the New York State Attorney General for $200 million after facing allegations that it illegally propped up the ill-fated LUNA token.
Creditors must file claims by April 30, 2025, to seek potential recovery.
Nonoperational blockchain firm Terraform Labs confirmed opening its crypto loss claims portal on 31 March. That comes after the company filed for insolvency in January 2024. It applied for Chapter 11 bankruptcy after its $40 billion empire fell in 2022. As part of its closure, Terraform Labs introduced a crypto loss claims portal.
Trump is shaking things up in crypto again! This time, he's handing out pardons, and the latest beneficiaries are BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed. The trio had pleaded guilty to breaking banking laws, but Trump's move wipes their records clean.
The claims process requires proof of ownership, with on-chain verification preferred over manual submissions to avoid delays or rejections.
The New York Attorney General and Galaxy Digital have agreed to a settlement over the firm's handling of LUNA before its 2022 collapse.
Terraform Labs — the company behind LUNA (LUNA) and algorithmic stablecoin TerraUSD (UST) — will launch its crypto loss claims portal on March 31. The portal is aimed at reimbursing individuals who lost at least $100 due to the collapse of the Terra ecosystem in 2022.The move follows a Delaware court's approval for Terraform Labs to wind down operations.
Terraform Labs will open its claims portal for crypto creditors on March 31, 2025, allowing individuals impacted by its bankruptcy to submit claims. The portal will help those who suffered losses due to the collapse of TerraUSD and other cryptocurrencies related to Terraform Labs' operations.
The New York Attorney General (AG) office has commenced an investigation on Galaxy Digital with a settlement of $200 million over its involvement in the LUNA cryptocurrency. The crypto crashed alongside Terra Blockchain powered by Terraform Labs and led to the erasure of over $40 billion in investor funds.
Terraform Labs' Crypto Loss Claims Portal opens on March 31, 2025, and closes on April 30, 2025. Creditors must submit proof of ownership; manual evidence may slow review or risk rejection.
Sunsetting its operations after getting slapped with a $4.47B fine, TerraForm is getting ready to reimburse investors.
Terraform Labs' crypto claims portal will open on March 31 nearly three after Terra's $40 billion ecosystem collapsed.
