Terraform Labs has set a critical deadline for claiming crypto losses during the bankruptcy process, which affects LUNA, LUNC, and USTC tokens.

This move aims to address investors' losses and provides a gradual recovery plan for the affected tokens.

The official statement from Terraform Labs creates a sense of urgency in the Terra community; outlines specific dates and requirements for submitting claims. As part of the Chapter 11 bankruptcy process, deadlines for reporting crypto losses have been officially announced. All affected individuals and organizations are encouraged to submit claims by August 21 at 5pm ET for TFL and later in 2024 for TLL. This step is critical in determining eligibility for Chapter 11 voting purposes. Claims that do not meet this deadline will be excluded from the voting process, affecting the overall resolution plan and potential recoveries for creditors.

The announcement has significant impacts on the price trends of Terra ecosystem tokens such as LUNA, LUNC and USTC. Historically, such bankruptcy processes, especially those aimed at recouping investor losses, have caused short-term market volatility but can lead to long-term stability. Terraform Labs' strategy includes reopening the shuttle bridge for asset redemptions and token burns, which could support token prices by reducing supply.

Following the announcement, LUNA was trading down a slight 2% to around $0.4231, while LUNC was down 4% to $0.0000845 and USTC was down 3% to $0.01927. However, increasing trading volumes indicate intense interest and potential positive behavior among traders anticipating an upward trend. Monitoring these trends is vital for both current owners and potential investors.

By taking a careful approach to its bankruptcy proceedings, Terraform Labs can set an example for similar cases in the future. Their plans include measures aimed at gradually compensating creditors and at the same time strengthening the Terra ecosystem. This includes steps such as reopening the shuttle bridge for asset usage and burning a significant amount of tokens. These strategies aim to stabilize and potentially increase the value of LUNA, LUNC and USTC tokens over time.

PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.

My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.

Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who will benefit?

Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become a Binance member without reference, please listen carefully;

When you do what I say, you will receive 10 USDT.

Enter the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.

The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.

Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.

WHEN WILL THE AWARD COME?

Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.

You can help your friends in need by sharing this post.

BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.