📌#TFL Bankruptcy process tracking
Terraform Labs (Pte. Ltd and Limited) has entered the Chapter 11 bankruptcy claim application process:
① Claim application time and portal:
* General creditor claim application deadline: 5:00 pm ET on August 9, 2024
* Government creditor claim application deadline: 5:00 pm ET on August 9, 2024
(TLL is 2024/12/30)
TFL claim application submission portal:
dm.epiq11.com/case/terraform…
(Proof of debt must be submitted using a specific English form, in US dollars on the date of bankruptcy application, and with supporting documents)
② Asset liquidation:
Terraform Labs will sell four core businesses as part of bankruptcy liquidation to repay creditors and related stakeholders:
* Portfolio tracking platform: Pulsar Finance
* Crypto wallet platform: Station
* Code-free DAO management platform: Enterprise
* Smart contract automation protocol: Warp
TFL is currently negotiating with relevant acquirers.
This action is not only to comply with the terms of the $4.5 billion settlement with the SEC, but also to get rid of the bankruptcy procedure, complete the "reorganization" of Terra Classic as soon as possible, and bring new hope to the recovery of the Terra Classic ecosystem and the community~
③ Pay attention to several important factors affecting the price trend of $LUNA :
* The SEC lawsuit has ended, and the smooth progress of the CH11 bankruptcy case has brought positive confidence to the market;
#LUNA 1.5 billion destruction plan has been confirmed and is expected to be implemented in September;
* Pay attention to the results of Do Kown's extradition from prison, and speculate that there will be further news in Montenegro this month;
🎯Some information channels:
* TFL bankruptcy process/case file: dm.epiq11.com/case/terraform…
* Terra on-chain data: luncdash.com
* Terra proposal/governance:
classic-agora.terra.money
station.terra.money/go
🐽Pinch your nose and continue to build positions # LUNA#LUNC#USTC -$LUNA $LUNC $USTC
