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.

Mantra is under scrutiny following the recent collapse of its OM token, which experienced a sharp decline on April 13.

Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, raising questions about insider activity and the stability of the project.Laser Digital, a strategic Mantra investor, reportedly cashed out large portions of Mantra (OM) tokens before the cryptocurrency collapsed on April 13, onchain data suggests. At least two wallets linked to Laser Digital were among 17 wallets that moved a combined 43.6 million OM tokens — worth about $227 million at the time — to exchanges before the crash, according to blockchain analytics platform Lookonchain, citing Arkham Intelligence data.

Update (April 14, 1:15 pm UTC): This article has been updated to add comments by Mantra CEO John Mullin from an AMA event hosted by Cointelegraph.Update (April 14, 4:33 pm UTC): This article has been updated with data from Arkham Intelligence.Mantra CEO John Mullin denied reports suggesting large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, while speaking in an AMA hosted by Cointelegraph on April 14. “The Mantra association, our key investors, our advisers — no one has sold, and we are going to categorically deny and also provide verifiable proof onchain proof that this is the case,” Mullin stated in the AMA.

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.

Known for its long-term volatility and for missing out on the 2024 bull market since early March, Terra Classic (LUNC) is once again drawing attention as the next U.S. court hearing involving Terraform Labs co-founder Do Kwon approaches on April 10.

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.

1.03 trillion staked in vaults hint at long-term LUNC holders feeling price appreciation on the horizon.

Terra Luna Classic token consolidated at a crucial support level as the weekly burn rate soared and a key community vote began. Terra Luna Classic (LUNC) was trading at $0.

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.

Galaxy Digital faces a $200M fine for manipulating Luna's market, highlighting deceptive practices and raising concerns about transparency and accountability in the cryptocurrency industry. The post Galaxy Digital Fined $200M for Luna Manipulation and Fraud appeared first on Cryptonews.

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG), following allegations the firm failed to disclose its financial interests while promoting the now-collapsed LUNA cryptocurrency. What Happened: The agreement, revealed through a state filing, resolves a case brought under the Martin Act and Executive Law, Axios reported.

Galaxy Digital has reportedly agreed to a $200 million settlement with the NYAG over allegations of promoting LUNA without transparency.

TL;DR Claims Portal Launched: Terraform Labs opens a Crypto Loss Claims Portal on March 31, 2025, for creditors impacted by the TerraUSD collapse. Submission Deadline & Requirements: Creditors must file claims with verified proof of ownership by April 30, 2025, using methods tailored to where their assets were held.

Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024, respectively

Terraform Labs, the bankrupt firm behind the failed TerraUSD (UST) stablecoin, has launched a crypto claims portal. This platform is designed to compensate users affected by the project's dramatic crash in 2022.

A legal filing from this morning accuses the firm of manipulating the price of luna, the token tied to the now-failed algorithmic stablecoin Terra.

The New York Attorney General's office and Galaxy Digital agreed to end a TerraLUNA-related lawsuit with a $200 million settlement.

Michael Novogratz's Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General's (NYAG) office. Allegedly, Galaxy Digital violated the Martin Act and New York Executive Law by promoting LUNA.

Galaxy Digital, a digital assets investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General's Office (NYAG). Per Axios, the settlement relates to alleged misconduct by Galaxy Digital, which is accused of heavily promoting the LUNA token before its catastrophic collapse in 2022.

Terraform Labs announced on March 28 the open date for its Crypto Loss Claims Portal.

Terraform Labs has launched a claims portal for TerraUSD collapse victims, allowing creditors to submit claims by April 30, 2025.

Terraform labs, the Singapore-based company behind the Terra blockchain and its associated cryptocurrencies TerraUSD and Luna, is launching a crypto asset loss claim portal on March 31—claims to be submitted by April 30. On Mar.

Michael Novogratz's Galaxy Digital will pay $200 million over allegations it promoted LUNA while selling millions of tokens at a profit before the token's collapse.

Terraform Labs has launched an official claims portal for victims of the TerraUSD (UST) collapse, enabling creditors to seek compensation for their crypto losses linked to the failed Terra ecosystem. The move follows the company's court-approved bankruptcy wind-down plan and a $4.47 billion settlement with the US Securities and Exchange Commission (SEC). Terraform's portal, claims.terra.

Terraform Labs announced that its Crypto Loss Claims Portal will open on March 31, 2025, as part of its effort to manage creditor claims following the 2022 UST collapse. The post Terraform Labs Creditors Can File Crypto Loss Claims from March 31 appeared first on Cryptonews.

Terraform Labs is opening a claims portal for victims of the TerraUSD collapse, offering a chance for creditors to recover their losses after the company's bankruptcy, the company announced on Friday. The Crypto Loss Claims Portal opens on March 31, 2025, at claims.terra.money. Creditors have until April 30, 2025, at 11:59 p.m.

The claims portal's launch highlights ongoing challenges in crypto accountability and may influence future regulatory frameworks and investor trust. The post Terraform Labs opens claims portal for creditors to address crypto losses appeared first on Crypto Briefing.