The post Terraform Labs opens claims portal for TerraUSD creditors appeared on BitcoinEthereumNews.com.

Key Takeaways Terraform Labs has opened a claims portal for creditors affected by the TerraUSD collapse. Creditors must submit claims with supporting documentation by April 30, 2025, through the claims portal. Terraform Labs is launching a claims portal for creditors who suffered losses from the TerraUSD token collapse and subsequent events that led to the companies’ bankruptcy, according to a Friday announcement. Terraform Labs Creditors: The Crypto Loss Claims Portal is scheduled to open for submission of Crypto Loss Claims on March 31, 2025. Creditors may file Eligible Crypto Loss Claims at https://t.co/7YQvfQr76x. The deadline to file is April 30, 2025 at 11:59 p.m. (prevailing Eastern… — Terra 🌍 Powered by LUNA 🌕 (@terra_money) March 28, 2025 The Crypto Loss Claims Portal, managed by Kroll Restructuring Administration, will open on March 31, 2025, at claims.terra.money. Creditors must submit their claims and supporting documentation electronically through the portal by April 30, 2025, at 11:59 p.m. ET. To file a claim, creditors must register on the portal and provide proof of ownership. For eligible crypto assets held on the Terra Ecosystem or other supported networks, users must sign a transaction through the portal at no cost. Holdings on other platforms require a read-only API key or manual evidence such as transaction logs and account statements. The Plan Administrator will determine claim amounts based on Eligible Loss Cryptocurrency holdings. Crypto assets with on-chain liquidity below $100 and certain other holdings, including Luna 2.0 on Terra 2.0, are not eligible for claims. Claims submitted with manual evidence instead of preferred evidence (like API keys) will undergo a longer review process and may face disallowance if preferred evidence is available but not provided. Within 90 days of the claim deadline, creditors will receive an initial determination or notification of extended review through the portal. In…

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Filed under: News - @ March 28, 2025 5:20 am