Terraform Labs, the company behind Terra Classic (LUNC) recently set an important deadline to file for bankruptcy which has caused a lot of excitement in the crypto world. The filing deadline is August 9, 2024 which is a critical time for anyone filing a claim against Terraform Labs. This announcement was made at a time when the company was experiencing its worst times financially after filing for Chapter 11 bankruptcy in January 2024. The consequences of this action were followed, especially by LUNC and Terra USDT (USTC) holders. - digital assets of the company.
