On March 31, Terraform Labs (TFL), the company behind the collapsed Terra ecosystem, will launch a portal to accept compensation claims from affected users.
Terraform Labs Creditors: The Crypto Loss Claims Portal is scheduled to open for submission of Crypto Loss Claims on March 31, 2025. Creditors may file Eligible Crypto Loss Claims at https://t.co/7YQvfQr76x. The deadline to file is April 30, 2025 at 11:59 p.m. (prevailing Eastern…
— Terra ? Powered by LUNA ? (@terra_money) March 28, 2025
Claims can be submitted until April 30. The resource is managed by TFL liquidators from the consulting firm Kroll. Clients of the bankrupt platform must:
- register on the portal before the deadline;
- provide proof of asset ownership;
- for holdings on external exchanges or platforms, submit API keys (in read-only mode);
- complete the form fully to provide maximum information.
“After a claim is submitted, the Wind Down Trust will review and verify it. Within 90 days after the deadline, creditors will receive notification via the online portal either with an initial determination of the compensation amount or with a notice that the administrator requires additional time for review,” the statement reads.
The company emphasized the importance of providing complete and highly accurate data, as well as identity verification.
Liquidators will not accept claims for assets that have lost capitalization — with a total market value of less than $100. This also applies to tokens issued under the Terra 2.0 initiative.
Earlier, TFL agreed to pay $4.47 billion to the U.S. Securities and Exchange Commission, settling the agency’s claims.