Crypto Chaos! 🤑 Get Your Millions!

by

Right then, you see, old bean, it’s all rather a to-do about Terraform Labs, what? They’ve gone and popped their clogs, financially speaking, and are now attempting to right their wrongs. Apparently, a claims portal is opening on March 31st, 2025 – think of it as a rather grand, if slightly underwhelming, treasure hunt! 🎉

The deadline, you ask? April 30th, 2025, at 11:59 PM Eastern Time. Don’t be late, or you’ll miss out on your share of the loot! ⏰ Think of it as a very important tea party, only with less cucumber sandwiches and more… well, let’s just say *crypto*.

Terraform Labs Claims Portal: A Dash of Whimsy and a Pinch of Panic

The portal itself, claims.terra.money, will be the scene of the action. You’ll need to provide wallet addresses, API keys, and all sorts of jolly things to prove you were indeed a victim of this… *incident*. 🤭

They’re aiming to hand back the dosh, but you’ll have to jump through a few hoops. Follow the guidelines, or you’ll be singing the blues. 🎶

Documentation: More Than Just a Spot of Tea

To prove you’re not just pulling a fast one, you’ll need to show proof of ownership – think of it as showing your ticket to the most exclusive party in town! For assets in the Terra ecosystem, a verification transaction is required. Free of charge, mind you. For assets on centralized exchanges, a read-only API key is your friend. If not, manual data will do, but expect a longer wait and a higher chance of rejection. Bother! 😫

Who’s In, Who’s Out? The Great Crypto Cull!

Not everyone gets a slice of the pie, old boy. Only certain cryptocurrencies are eligible. Check the list on March 31st on the claims portal. Anything with on-chain liquidity below $100? Forget it. Luna 2.0? Out of luck! It’s a bit like a particularly snooty club, really. 🙄

The Payout: A Matter of Time (and Patience)

After submitting your claim, you’ll get a decision within 90 days. Disputes are possible, naturally. Payouts are expected after August 2025, but no guarantees. The total payout is somewhere between $185 million and $442 million – a rather generous sum, if I may say so myself. But remember, it’s not guaranteed to be a fortune. 😅

One more thing! Be honest, or face the consequences! Don’t hide any sneaky sales, swaps, or staking activities. They’ll find out, you know! 😉

Read More

2025-03-28 19:58