Starting March 31, Terraform Labs Will Open Its Claims Portal for Affected Investors.

Terraform Labs to Launch Investor Claims Portal Amid Bankruptcy Proceedings

Terraform Labs, the crypto company at the center of the dramatic Luna and TerraUSD (UST) collapse, is set to open a dedicated claims portal on March 31, giving impacted investors a chance to file for potential compensation.

The filing system, which will be hosted at claims.terra.money, is part of the company’s court-directed wind-down process and will be managed by the claims administrator Kroll. According to the announcement, investors have until April 30, 2025, at 11:59 p.m. ET to submit their claims. Any late submissions will be automatically disqualified from receiving a payout.

Claims must pertain to eligible cryptocurrencies held during the window of Terra’s collapse, and a number of assets are excluded—particularly those with less than $100 in on-chain liquidity and tokens such as LUNA 2.0.

To support their claims, investors are strongly encouraged to use read-only API keys from crypto exchanges, as these are considered the most reliable form of verification. Alternative methods like screenshots or uploaded files will be accepted, but may delay processing or reduce the chances of approval.

The claims will undergo a review and verification phase, with initial decisions expected within 90 days following the deadline. Approved claimants will be eligible for proportional distributions once the review process is finalized.

Terraform Labs’ unraveling in 2022 triggered one of the most catastrophic crashes in crypto history. The value of LUNA alone plummeted from over $41 billion in market cap to just $6 million, sparking widespread losses across the industry.