Terraform Labs

the company behind the Luna token and the TerraUSD stablecoin that experienced failure,

has opened a claims portal on March 31, 2025, to allow creditors to file claims for crypto losses related to the company's bankruptcy. This portal, managed by Kroll

Restructuring Administration, is part of the liquidation process overseen by the court.

Creditors have until April 30, 2025, at 11:59 PM Eastern Time to file claims through the claims.terra.money site.

To file a claim, creditors must register on the portal and provide proof of ownership of their crypto assets.

The recommended method is to use read-only API keys from exchanges, which are considered more reliable than screenshots or documents uploaded manually.

Claims submitted with manual evidence may face longer review periods or risk being denied.

It is important to note that not all crypto assets are eligible for claims. Assets with on-chain liquidity of less than $100 and some other assets, such as Luna 2.0 on Terra 2.0, do not qualify for compensation.

After submission, creditors will receive an initial determination of their claim amount within 90 days after the submission deadline. They will have the option to accept or reject the outcome. If there are no disputes, the initial distribution will begin as soon as possible, with all payments made on a pro-rata basis.

This step is part of Terraform Labs' efforts to conclude their bankruptcy process after reaching a settlement with the U.S. Securities and Exchange Commission (SEC) for $4.47 billion, which was approved by the court in September 2024.

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