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:
- 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).
- Preferred Evidence is highly recommended for faster processing.
- Fill out the claim form in full, providing all relevant purchase and transaction details.
- 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.
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