What You Need to Know:

• The claims portal opens on March 31, 2025, with a submission deadline of April 30, 2025.
• Claims must pertain to specific crypto assets that qualify, excluding those with lower on-chain liquidity.
• Submission of preferred evidence, like API keys, is encouraged for quicker claim processing, according to Terra.

Terraform Labs, known for the collapse of the Luna token and TerraUSD stablecoin, will provide a portal starting March 31, enabling investors to file claims for crypto losses due to its bankruptcy.

The online platform, managed by claims administrator Kroll, supports the company’s court-supervised winding-down process. Investors have until April 30 at 11:59 p.m. ET to submit claims via claims.terra.money. Late submissions will not be accepted, permanently disqualifying those who miss the deadline from recovery rights, as detailed in a Medium post.

Eligible claims must relate to specific cryptocurrencies identified in the case documentation and held during the period around the collapse of the Terra ecosystem. Assets with less than $100 in on-chain liquidity and certain others—such as Luna from Terra 2.0—are ineligible.

Claimants must provide proof of ownership. The preferred method involves read-only API keys from exchanges, which offer more reliability than screenshots or manual documentation. Those using manual evidence may encounter extended review times or the risk of claim denial.

Once submitted, claims will undergo review and verification, with initial decisions announced within 90 days post-deadline. Approved claims will be eligible for pro rata distributions upon final processing.

The Terra ecosystem’s collapse in 2022 resulted in unprecedented wealth loss within three days in the cryptocurrency sector. LUNA’s market cap plummeted from over $41 billion to $6 million during that time.

Read more: Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case