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Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims – TON BOT

Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims

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Terraform Labs, the bankrupt firm behind the failed TerraUSD (UST) stablecoin, has launched a crypto claims portal to compensate users affected by the project’s crash in 2022. Creditors can submit claims until April 30, 2025, providing proof of asset ownership. Meanwhile, Galaxy Digital settled with the New York Attorney General for $200 million for promoting the LUNA token while secretly selling large amounts without informing investors. Galaxy will pay the fine in installments and update internal policies to prevent future conflicts of interest.

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