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Terraform Labs will open a creditor claims portal on March 31 as part of its bankruptcy process, with an estimated repayment range of $185M to $442M.
What’s the Scoop?
- Portal Opening: Terraform Labs will open its 'Crypto Loss Claims Portal' on March 31, giving creditors an avenue to file claims.
- Claim Eligibility: Creditors must register and provide proof of crypto holdings by April 30, 2025, for their claims to be considered.
- Potential Repayments: Terraform Labs estimates it could repay creditors between $185 million and $442 million as part of its court-approved reorganization plan.
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