Terraform Labs is launching a claims portal on March 31, 2025, allowing crypto creditors to seek compensation following the company’s bankruptcy. Creditors must submit their claims by April 30, 2025, to be considered for reimbursement. This process aims to help those who suffered financial losses due to the collapse of TerraUSD and other related cryptocurrencies.
Key Dates for Terraform Labs Claims
- Portal Opens: March 31, 2025, at claims.terra.money
- Submission Deadline: April 30, 2025, at 11:59 PM ET
Any claims submitted after this date will not be considered. To file a claim, creditors must provide details about their crypto holdings, including wallet addresses or a read-only API key.
Required Documentation for Claim Submission
To verify ownership, applicants must submit supporting documents:
- For Terra ecosystem assets: A verification transaction via the claims portal (free of charge)
- For centralized exchange assets: A read-only API key
- Manual data (transaction history/account statements) for those without an API key
Note: Claims supported by manual evidence may take longer to process and have a higher risk of rejection if digital proof is available.
Who Is Eligible for Terraform Labs Claims?
Not all cryptocurrencies qualify for compensation. A list of eligible assets will be available on the claims portal starting March 31, 2025.
Exclusions:
- Cryptos with on-chain liquidity below $100
- Assets like Luna 2.0 on Terra 2.0
Creditors should review eligibility criteria carefully before submitting claims. Compensation amounts will be determined based on eligible holdings.
Claim Review and Expected Payouts
- Initial claim determination: Within 90 days of submission
- Option to accept or dispute the claim amount
- First payouts: Expected after August 2025 (exact dates uncertain)
- Estimated total payout pool: $185M–$442M (not all creditors will receive the full amount)
Claims will be processed on a pro-rata basis. To avoid delays or rejections, creditors must provide accurate and complete information, disclosing any sales, swaps, or staking activities.
Final Thoughts on Terraform Labs Claims
With billions lost in the Terra collapse, this claims process is a crucial step toward compensating affected creditors. If you’re eligible, make sure to submit your claim before April 30, 2025, and provide all required documentation to increase your chances of approval.
