Crypto Losses? File Your Gripes Before It’s Too Late!

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So, Terraform Labs, the brilliant minds behind LUNA and UST, have finally decided to open a little portal for all you unlucky souls who lost a chunk of change when their crypto house of cards came tumbling down in 2022. 🏚️

But here’s the catch: if you lost less than a Benjamin, tough luck, Charlie. You’re out of luck. The deadline is April 30th at midnight, so get your act together and file those claims. 🕒

Now, to actually file a claim, you need to show them the money—err, the loss. You can either go the “manual evidence” route with your boring transaction logs and screenshots, or you can be cool and submit “preferred evidence” with those fancy read-only API keys. 📸🔑

But beware, if you go manual, you might as well grab a cup of coffee and a good book because it’s gonna take a while. And if someone else has the preferred evidence, you might as well kiss your claim goodbye. 😴💔

Terraform Labs is throwing around numbers like $184.5 million to $442.2 million for reimbursement, but let’s be real, they’re probably just guessing. 🤔💸

Oh, and did I mention this whole claims thing is happening because a Delaware court said it’s cool for Terraform Labs to shut down and avoid more legal headaches? Yeah, they’re basically saying, “We’re outta here, suckers!” 🚪💨

In a related story, Terraform Labs had to cough up $4.47 billion to the SEC in 2024. Ouch. 🤑🙊 And the founder, Do Kwon, got himself arrested and is now waiting for his day in court, which has been pushed back to April 10th. Maybe he’s hoping for a miracle. 🙏🏻🚓

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2025-03-28 23:17