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Terraform Labs Launches Crypto Loss Claims Portal โ€” Hereโ€™s What You Need to Know

2 min read 311 words 236 views

Terraform Labs has officially announced the launch of its Crypto Loss Claims Portal, allowing eligible claimants to submit loss claims related to the collapse of TerraUSD (UST) and other crypto assets during the 2022 Terra ecosystem crisis.

๐Ÿ”— Portal Launch Details:

  • Opening Date: March 31, 2025
  • Deadline for Submissions: April 30, 2025 at 11:59 PM (ET)
  • Claims Portal: https://claims.terra.money

This portal is designed for users who held specific crypto assets affected by the Terra collapse and subsequent bankruptcy of Terraform Labs.

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๐Ÿ“ How to Submit a Claim:

  1. Register on the Portal: Starting March 31st, users can register directly on the claims portal.
  2. Provide Proof of Holdings:
    • If you held crypto assets on supported blockchains (e.g., Terra Classic), youโ€™ll need to sign a transaction to verify your claim.
    • For centralized exchange holdings, youโ€™ll be asked to submit read-only API keys or supporting documentation. Detailed instructions will be provided in the portal.
  3. Submit Your Claim: Complete the online form, attach all required documents, and ensure submission before the deadline.

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๐Ÿ“Œ Eligibility and Important Notes:

  • The claim process only applies to Eligible Cryptocurrency Losses, which will be listed on the portal.
  • Certain assets are excluded, such as tokens with market value under $100 or LUNA2 tokens on Terra 2.0.
  • Claims submitted after April 30, 2025, will not be accepted.

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โš ๏ธ Why This Matters:

The collapse of UST and the broader Terra ecosystem in 2022 left thousands of users with severe financial losses. This claim process may offer partial recovery for some users. However, it is not automatic โ€” you must take action and submit your claim before the deadline.

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๐Ÿ“š Additional Information:

For full details and updates, refer to Terraform Labsโ€™ official blog post here:
๐Ÿ‘‰ Terraform Labs – Medium Announcement

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Stay safe, and remember to always verify that you are using official links.
Lunctoken.org is not affiliated with Terraform Labs and is sharing this information purely to support and inform the Terra Classic community.

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