Terraform Labs to Launch Cryptocurrency Loss Compensation Claim Portal on March 31

# Terraform Labs Opens Portal for Crypto Loss Claims Amid Bankruptcy Proceedings Terraform Labs, the embattled blockchain firm behind Terra USD(UST), has announced the launch of a claims portal on March 31, as part of its ongoing bankruptcy process. The portal aims to facilitate compensation claims for investors who suffered losses following the collapse of UST. # Kroll Restructuring Administration to Manage Claims Portal Managed by Kroll Restructuring Administration LLC, the portal will be accessible through claims.terra.money. According to the company, the claim submission deadline is set for April 30 at 11:59 PM Eastern Time. Investors should note that no claim submissions will be accepted beyond this date. Eligible claimants must have incurred losses from specific cryptocurrency investments. The full list of eligible cryptocurrencies can be viewed in the portal under the section “Schedule I — List of Eligible Loss Cryptocurrencies.” However, assets with on-chain liquidity below $100, as well as certain assets like Luna 2.0, are excluded from compensation eligibility. # Submission Process and Verification Requirements The claims process will take place entirely online through the dedicated portal. Claimants must first register on the portal and then verify their holdings using one of the following methods: 1. **Wallet Signature:** Proof of ownership can be validated through wallet signatures on verifiable blockchains, such as the Terra chain. 2. **API Key Submission:** For assets held on exchanges or platforms, providing a read-only API key is recommended. 3. **Transaction History:** Submission of detailed trading records. Manual evidence submissions are permitted but may result in longer review periods and carry a higher risk of claim rejection. After submitting a claim, the Terra Wind Down Trust will review and notify claimants of the results within 90 days. Claim outcomes can either be accepted or disputed by the claimants. Upon acceptance, distributions will be processed promptly on a pro-rata basis among creditors. # Precision and Compliance Emphasized Claimants are required to provide accurate and complete information regarding their asset holdings and transactions. Providing false or incomplete data could lead to claim denial. Additionally, identity verification will be mandatory to facilitate the distribution of funds. Regarding the estimated figures, Terraform Labs projects compensation payouts between $184.5 million and $442.2 million, translating to approximately 245.4 billion to 588.2 billion KRW, depending on verified claims. # Additional Resources and Support Detailed instructions for the claims process are available on the official Terra bankruptcy documentation site (dm.epiq11.com/case/terraform). For portal access issues, claimants can reach out to Kroll via email at terraforminfo@ra.kroll.com. For queries related to the compensation process, claimants should contact the legal advisory team of the Terra Wind Down Trust at tfl_clc_distributions@kirkland.com. Investors within the Terra community are urged to complete their claims by the deadline to secure eligibility for compensation. ### Conclusion This initiative marks a significant step in Terraform Labs’ efforts to resolve its bankruptcy proceedings and address the losses of affected investors. With a clear claims process in place, the onus is now on claimants to meet the deadlines and requirements to ensure their inclusion in the compensation distribution.