*Breaking News: Terraform Labs Sets Deadline for Crypto Loss Claims*🔥🚨
Terraform Labs (TFL) has announced a crucial update for the Terra community regarding its Chapter 11 bankruptcy case. Key takeaways include:
- Claim Filing Deadline: August 21, 5:00 pm ET, for claims against TFL (before January 21, 2024) and TLL (before July 1, 2024). Late claims won't be considered for voting.
- Recovery Prospects: This move is seen as positive for the Terra ecosystem, with potential price recoveries for LUNA, LUNC, and USTC. TFL plans to reopen the shuttle bridge and burn tokens in TFL and LFG wallets.
Despite this announcement, LUNA's price fell 2% to $0.4231, LUNC dropped 4% to $0.0000845, and USTC declined 3% to $0.01927 in the last 24 hours. However, increased trading volumes indicate growing trader interest.
Stay tuned for more updates and information. #Dyor2024 $LUNC $LUNA