According to Foresight News, Terra has issued a significant community notice regarding the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL). The preliminary deadline for submitting cryptocurrency loss claims is set for August 22, 2024, at 5:00 AM Beijing time. Users who filed claims against TFL before January 21, 2024, and against TLL before July 1, 2024, must submit their claims by the August 22 deadline.
Terra clarified that the preliminary deadline for cryptocurrency loss claims is solely for the purpose of Chapter 11 plan voting and does not apply to allowances or distributions, which will be addressed within the Chapter 11 plan.
