Terraform Labs Opens Claim Portal for Luna and TerraUSD Losses

Terraform Labs, the company behind the collapsed Luna token and TerraUSD stablecoin, is launching an online claims portal on March 31. The portal—claims.terra.money—will allow eligible investors to file for compensation tied to the company's 2022 downfall and ongoing bankruptcy process. Managed by claims administrator Kroll, the portal is part of a court-supervised wind-down.

Investors must submit their claims by April 30 at 11:59 p.m. ET. Late submissions will be rejected, permanently forfeiting the claimant’s right to any recovery, according to Terraform's Medium post.

Eligible claims must involve specific cryptocurrencies listed in the case documents and held during the Terra ecosystem's collapse. However, some assets—including those with less than $100 in on-chain liquidity and Terra 2.0’s Luna token—are excluded from eligibility.

To file, claimants must provide proof of ownership. The preferred method is read-only API keys from exchanges, which offer more verifiable data than screenshots or manually uploaded files. Claims supported by manual evidence may face longer review periods or risk rejection.

Once submitted, claims will go through a verification process. Initial decisions will be communicated within 90 days after the submission deadline. Approved claims will receive pro rata distributions once processing concludes.

The Terra ecosystem collapsed in 2022, triggering one of the largest wealth destructions in crypto history. Luna’s market cap plummeted from over $41 billion to just $6 million in three days, shaking investor confidence across the crypto industry.

Investors are encouraged to act swiftly to ensure they meet the deadline and submit accurate documentation to maximize their chances of recovery.