Oh joy, oh rapture! If you were one of the unfortunate souls who got sucked into the Terra USD (UST) token vortex and lost your shirt (and possibly your lunch, dinner, and house), fear not! Terraform Labs, the masterminds behind this crypto calamity, have flung open the doors to their Crypto Loss Claims Portal 🚪. From March 31, 2025, you can throw your digital hat into the ring and beg for scraps from the table 🍴.
But don’t dawdle, dear investor! You have a whopping month (until April 30, 2025) to submit your plea for compensation. After that, it’s curtains, folks! 🎭 The company, now winding down operations with all the dignity of a bankrupt billionaire, will graciously consider your claim 🙏.
The Fine Print (Because There’s Always Fine Print) 📝
A Cautionary Tale of Crypto Woe 📉
For those who missed the fireworks, Terraform Labs’ stablecoin, UST, went kerboom in May 2022, leaving an estimated $40 billion in losses across the crypto market 🌪️. The aftermath? Multiple lawsuits, investigations, and a bankruptcy filing in January 2024 📝. The pièce de résistance? A $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC), because who doesn’t love a good fine? 🤑
So, if you’re waiting with bated breath for your (potential) payout, just remember: Terraform Labs will use Do Kwon’s assets (including those fancy PYTH tokens) to fulfill their obligations, but only after they’ve dealt with all you lovely creditors 🙏. Ah, the thrill of crypto investing! 🎢
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2025-03-29 01:17