Terraform Labs to Open Claims Portal March 31 for Investor Reimbursements
Terraform Labs, the defunct crypto firm behind the infamous Luna token and TerraUSD (UST) stablecoin collapse, is launching an official claims portal on March 31 to allow investors to seek reimbursement for their losses.
As part of the company’s ongoing bankruptcy and court-supervised wind-down, the portal—managed by claims administrator Kroll—will be accessible at claims.terra.money. Investors must submit their claims no later than April 30, 2025, at 11:59 p.m. ET. Claims submitted after that time will be ineligible for any potential payouts, according to a post on Medium outlining the process.
Only losses related to specific cryptocurrencies detailed in the legal documentation will be considered, and holdings must have been maintained during the timeframe of Terra’s collapse. Importantly, certain assets—including those with less than $100 in liquidity and tokens like Terra 2.0’s LUNA—are excluded from eligibility.
Claimants are required to verify ownership of their assets. The preferred and most reliable method is submitting read-only API keys from exchanges. Manual uploads or screenshots will still be accepted but are likely to undergo longer review times and could face higher chances of rejection.
After submission, claims will be individually reviewed and validated. Terraform expects to issue initial determinations within 90 days of the deadline. Approved claims will then receive pro rata distributions based on final calculations and available funds.
The 2022 collapse of the Terra ecosystem remains one of crypto’s most devastating events, wiping out nearly $41 billion in market value within just three days—an implosion that reverberated throughout the digital asset industry.
