Terraform Labs, the company responsible for the failed Luna token and TerraUSD stablecoin, is set to launch a portal on March 31 for investors to file claims for losses related to the company’s collapse and subsequent bankruptcy.
Managed by claims administrator Kroll, the online system is part of the company’s court-supervised winding-down process. Investors must submit their claims through claims.terra.money by April 30 at 11:59 p.m. ET. Late submissions will not be accepted, meaning those who miss the deadline will lose their chance for recovery, as stated in a Medium post.
Valid claims must be linked to specific cryptocurrencies listed in the case documents and held during the period surrounding the Terra ecosystem’s collapse. Certain assets, such as those with less than $100 in on-chain liquidity and Terra 2.0’s Luna, will not be eligible.
Claimants must provide proof of ownership, preferably through read-only API keys from exchanges, which the administrator deems more reliable than screenshots or manually uploaded documents. Using manual evidence may result in longer review times or potential denial of claims.
Once submitted, claims will undergo review and verification. Initial decisions will be communicated within 90 days of the deadline, and approved claims will qualify for pro rata distributions once processing is complete.
