2025-03-31
Terraform Labs, the company behind the
failed TerraUSD (UST) stablecoin and Luna cryptocurrency, will launch an
official Crypto Loss Claims Portal on March 31, 2025, as part of its ongoing
bankruptcy wind-down process.
The portal, accessible at claims.terra.money, will
allow eligible investors to file claims for losses related to specific digital
assets affected by the Terra ecosystem’s collapse in 2022.
Investors will have until April 30,
2025, at 11:59 p.m. ET to submit their claims. Claims submitted after the
deadline will not be accepted, and late filers will forfeit any chance at
recovery, according to court documents.
Who Can File a Claim?
To be eligible, claims must relate to a
list of Eligible Loss Cryptocurrencies, which will be published on March 31 at restructuring.ra.kroll.com/Terraform.
Claims tied to tokens with less than $100
in on-chain liquidity or Luna 2.0 are excluded. Claimants must also show they
held the eligible assets during the period surrounding the collapse of TerraUSD
and Luna.
Required Evidence
Terraform Labs is encouraging users to
submit read-only API keys from crypto exchanges to verify holdings. This form
of “Preferred Evidence” is considered faster and more reliable than manual
uploads such as screenshots or transaction logs. Those who opt for manual
documentation may face delayed processing or risk having their claims
denied—especially if API-based evidence was available but not provided.
Filing Process
Beginning March 31, claimants can:
1. Register at claims.terra.money
2. Submit proof of
asset ownership via wallet verification or API keys
3. Complete and
submit the Crypto Loss Claim Form by the April 30 deadline
What Happens Next?
Claims will be reviewed within 90 days
following the filing deadline. Creditors will then be notified of initial claim
determinations and will have the chance to dispute decisions if needed.
Approved claims will be eligible for pro rata distributions once processing is
complete.
Support Contacts
More details, including court filings
and procedural guidance, can be found at dm.epiq11.com/case/terraform.
