Legally or contractually enforceable rights held by a party to receive payment or assets from another, typically arising from outstanding obligations such as loans, services, or contractual agreements. In the crypto domain, these claims often relate to funds held by insolvent exchanges, lending platforms, or distressed decentralized autonomous organizations.
Mechanism
Creditor claims are formally documented and asserted through legal or protocol-specific processes, where claimants present evidence of their outstanding balances or entitlements. In the context of digital assets, this involves verifying on-chain transaction records, platform account statements, or smart contract agreements to substantiate the claim’s validity and amount.
Methodology
The process involves the submission of verified debt proofs, participation in court-supervised or decentralized dispute resolution procedures, and agreement on an asset distribution plan. For crypto entities, this may include engaging with court-appointed administrators or participating in governance proposals that determine the hierarchy and proportion of asset allocations to different classes of claims.
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