Terraform Labs Launches Crypto Loss Claims for Creditors

Terraform Labs has officially launched the Crypto Loss Claims Portal as part of its estate wind-down process following the collapse of the Terra USD. The portal, which opens on March 31, 2025, at claims.terra.money, allows creditors to submit claims for losses from their investments in affected cryptocurrencies.

Terraform Labs Launches Crypto Loss Claims

For the funds, creditors must submit their claims, along with supporting documentation, by the deadline of April 30, 2025, at 11:59 pm ET. The firm has suggested that claims received after this date will not be considered. Eligible cryptos will be listed on the portal, and claimants must provide proof of ownership, including wallet transactions or API keys.

As per the official announcement, “Cryptocurrencies with on-chain liquidity of less than $100, as well as certain other exclusions (e.g., Luna 2.0 holdings on Terra 2.0), are not eligible. Creditors are advised to refer to the Crypto Loss Claim Procedures for complete details.”

Filing Instructions Register on the Online Portal includes:

1. Visit the site beginning March 31, 2025. Provide Proof of Ownership: For holdings on the Terra Ecosystem, sign a transaction with your wallet. For other platforms or exchanges, provide a read-only API key or Manual Evidence (transaction logs, account statements).
2. Preferred Evidence is highly recommended for faster processing.
3. Fill out the claim form in full, providing all relevant purchase and transaction details.
4. Ensure submission by April 30, 2025, at 11:59 pm ET.

The claims process requires the completion of a Crypto Loss Claim Form, and manual evidence submissions will be subject to a longer review process. Moreover, creditors can access support through Kroll Restructuring Administration or contact the Terraform Wind Down Trust for questions.

Accepted claims will be reviewed, and eligible creditors will receive distributions on a pro-rata basis.

Also Read: New York Attorney General Reaches $200 Million Settlement with Galaxy Digital on LUNA Matters

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Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.