The post Where and When Can Crypto Creditors Access Claims Portal appeared on BitcoinEthereumNews.com.

Terraform Labs will open its claims portal for crypto creditors on March 31, 2025, allowing individuals impacted by its bankruptcy to submit claims. The portal will help those who suffered losses due to the collapse of TerraUSD and other cryptocurrencies related to Terraform Labs’ operations. As part of the bankruptcy proceedings, the company is working to reimburse its creditors, with a deadline for Terraform Labs claims submission set for April 30, 2025. Terraform Labs Claims Portal Opening Date and Deadline According to TerraForm Labs, the claims portal will be accessible at claims.terra.money on March 31, 2025. Creditors who would wish to submit a claim should do so before the 30th of April in the year 2025, at 11:59 PM Eastern Time. Any claims submitted after this date will not be considered and those involved will lose such an opportunity to recover. In filing the claim, the creditors will have to give an identification of their cryptocurrency assets comprising of wallet addresses, or read-only API key among others. This process will help Terraform Labs to cease its operations, and return the money to its creditors. However, in order to seek compensation the applicant must follow the portal’s guidelines and submit all documents needed to substantiate the claim. Documentation and Proof Requirements In the press release, the creditors are required to present proof of ownership of the crypto assets they intend to present. In the case of assets present in the Terra ecosystem or available in its supported networks, a verification transaction is required through the portal. This will be done free of charge since it is mandatory in proving ownership of the system. For assets owned on centralized exchanges in the Terraform Labs claims, the applicants have been requested to provide a read-only API key. If an API key is not…

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Filed under: News - @ March 29, 2025 4:27 am