In the middle of 2022 crypto currency There was a great collapse that shook the markets. The terra ecosystem, which has a market value of over $ 40 billion, collapsed. This major collapse, which cut the front of algorithmic stablecoins and stablecoins that reserves with crypto coins, triggered the FTX event with the bankruptcy of 3Acs and others.
Terra hot development
Terraform Labs PTE and Terraform The second revised section 11 liquidation plan was announced for Labs Limited. Thus, the company officially entered the liquidation process. The shared document includes how many types of creditor and the details of the liquidation. The liquidation process will be managed through the fund called Wind Down Trust. There are 10 different creditor groups.
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- Tax debts to be paid to the state
- The company’s guaranteed debts
- Creditor payments connected to the Singapore case.
- Debts to banks and service providers.
- Losses of users in Terra ecosystem.
After the payment of these receivables respectively, the receivables of the SEC will exceed 4 billion dollars, inter -company receivables, in -group shares and the Court’s lower priority will be paid by the Court. Selection He fined 4.47 billion dollars alone. However, it is not possible to collect it because Terra does not have such a cash. Since it is used for the remaining small amount of cash trial expenses, this liquidation plan is made as a kind of formality. Companies will be completely closed and a separate announcement will be published for the application dates of the creditors.
Although the price of Luna has increased by 2 percent, there is no official company behind it. That’s why he runs to a fate similar to FTT in the long run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
