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Terraform Labs has formally opened the portal for creditor claims, where creditors can file claims on behalf of the company under its bankruptcy process. The portal will open from March 31, 2025, and will be available for access at claims.terra.money.
Process of Claim Submission
Creditors wishing to recover amounts due will be required to make claims through the portal no later than the April 30, 2025, 11:59 PM (ET) cut-off time. Claims received subsequent to the specified cut-off time will not be processed. This process is implemented so that Terraform Labs will be able to distribute its current assets fairly and proportionately amongst creditors affected.
Important Facts for Creditors:
Portal to Open: March 31, 2025
Deadline to File Claims: April 30, 2025, 11:59 PM (ET)
Portal URL: claims.terra.money
Why It Matters
Terraform Labs, a formerly dominant player in the blockchain market, encountered extreme financial and legal problems after its TerraUSD (UST) stablecoin and LUNA token imploded. The bankruptcy proceeding is a decisive measure to combat the losses of the creditors as well as achieve an orderly resolution of assets.
To facilitate an orderly and transparent process for creditors to claim compensation, Terraform has created this claims portal. Creditors are advised to lodge their claims at the earliest to avoid any last-minute complications.
For details and updates, log in to the official claims portal and keep yourself posted on the latest news in the case.
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