SALT Lending – a crypto loans provider – has finally launched its ICO claim forms so users can apply for their investment refunds. However, when you go to view the forms, they error out (as shown below).
The short backstory is that SALT had a long battle with the SEC about an ICO it ran in 2017 (raising US$47 million) without having a successful registration from the SEC.
On July 12, 2021, SALT announced on its Twitter and blog post that the claim forms were available:
Claims Form Errors
On clicking the link to view the forms, saltoffer.com, users were shown error pages.
And the error from the saltoffer.com website shows “unauthorised access”.
Users who are trying to use the claim form must be frustrated; hopefully SALT will address this and fix the forms soon. We’ll keep you updated.
Who is Entitled to Make a Claim?
As detailed on the claims process FAQ page:
All persons and entities that obtained Salt Tokens from the company on or before December 31, 2019 are entitled to make a claim pursuant to the claims process. A valid claim, among other things, would require the claimant to return the Salt Tokens obtained directly from the company, or substantiate that these were sold on an exchange at a loss, including their value at the time of sale.
SALT Lending FAQ
The interest rate SALT uses is quite interesting too:
We expect to calculate interest by using the yield of the 1-year U.S. Treasury note, which for June 15, 2021 was 0.08%.
SALT Lending FAQ
It’s also stated that you have three to six months to submit your claim, and you’ll be paid in US dollars to your designated bank account.
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