Terraform Labs to Open Investor Claims Window Following Terra Ecosystem Collapse

Investors impacted by the implosion of Terraform Labs’ TerraUSD and LUNA tokens will soon have a chance to file for potential recovery. The bankrupt crypto firm will open an official claims portal on March 31, giving affected users one month to submit documentation for losses tied to the 2022 collapse.

The portal — available at claims.terra.money — is being launched as part of a court-supervised wind-down, overseen by claims agent Kroll. To be considered, claims must be submitted no later than April 30, 2025, at 11:59 p.m. ET. Miss the deadline, and you miss out — late claims won’t be accepted under any circumstances.

Only certain cryptocurrencies held during the Terra crash will be eligible, as specified in the official filings. Notably, assets like Terra 2.0’s LUNA and any tokens with less than $100 in on-chain liquidity will be excluded from reimbursement.

Investors must also prove ownership of affected assets. The preferred verification method is a read-only API key from crypto exchanges — deemed more reliable than screenshots or manual uploads, which could face longer review times or outright rejection.

After submission, claims will undergo verification, and preliminary decisions are expected within 90 days of the deadline. Those with approved claims will receive distributions on a pro rata basis, depending on the recovery pool.

Terraform’s collapse marked one of the darkest moments in crypto history, erasing over $40 billion in value in a matter of days and shaking investor confidence across the industry.