Investors who suffered losses due to the collapse of Luna token and TerraUSD stablecoin, orchestrated by Terraform Labs, will have the opportunity to file claims for potential recovery starting March 31. The claims portal, managed by Kroll, must receive submissions before April 30 to be considered valid. To expedite the review process, claimants are encouraged to provide strong evidence such as API keys.

Eligible claims should pertain to losses from specific crypto assets during the period surrounding Terra's collapse. Assets with limited on-chain liquidity and some specific tokens like Luna will not be eligible for claims. Ownership proof is required with API keys preferred over screenshots or manual documents for a smoother review process.

Following the submission deadline, verified claims will undergo processing with approved ones set to receive proportional distributions at the conclusion of the assessment period. Late submissions will not be entertained beyond April 30 at 11:59 p.m. ET, emphasizing the importance of adhering to this deadline for any chance of recovery.

Francisco Rodrigues is a dedicated reporter at CoinDesk, with a keen interest in cryptocurrencies and personal finance. Having previously contributed to prominent financial and crypto publications, he holds various digital assets above CoinDesk's disclosure threshold amount including bitcoin, ether, solana, and PAXG.

Terraform Labs to Open Claims Portal for Investors on March 31

Creditors must file claims by April 30, 2025, to seek potential recovery.

• The Portal launches on March 31, 2025, and the deadline to file is April 30.
• Claims must relate to losses from specific eligible crypto assets, and those with lower on-chain liquidity are not included.
• Preferred evidence like API keys is encouraged for faster reviews, Terra said.

Terraform Labs, the firm behind the collapsed Luna token and the TerraUSD stablecoin, will open a portal on March 31 to allow investors to file claims for crypto losses tied to the company’s downfall and subsequent bankruptcy.

The online system, operated by claims administrator Kroll, is part of the company's court-supervised wind-down process. Investors have until April 30 at 11:59 p.m. ET to submit claims through claims.terra.money. Late submissions will not be considered, meaning those who miss the deadline forfeit their right to any recovery, according to a Medium post.

Eligible claims must be tied to specific cryptocurrencies listed in the case documents and held during the period surrounding the Terra ecosystem's collapse. Notably, assets with less than $100 in on-chain liquidity and certain others—like Terra 2.0's Luna—will not qualify.

Claimants must also submit proof of ownership. The preferred method is read-only API keys from exchanges, which the administrator considers more reliable than screenshots or manually uploaded documents. The post adds that those using manual evidence may face extended review periods or risk their claims being denied altogether.

Once filed, claims will be reviewed and verified. Initial decisions will be shared within 90 days after the deadline and approved claims will be eligible for pro rata distributions once processing concludes.

Francisco Rodrigues

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.