• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, July 23, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

Terraform Labs to Launch Claims Portal for Creditor Reimbursements

28 March 2025
in News
Reading Time: 3 mins read
110 1
Terraform Labs to Launch Claims Portal for Creditor Reimbursements

Source: Bloomingbit

Terraform Labs has announced that its Crypto Loss Claims Portal will open on March 31, 2025, allowing creditors to file claims for losses related to the collapse of TerraUSD (UST) and its aftermath.

The development follows Terraform Labs’ decision to wind down operations, a move confirmed by CEO Chris Amani last year after the company settled a major securities fraud case with the U.S. Securities and Exchange Commission (SEC). Despite the settlement, Terraform Labs filed for Chapter 11 bankruptcy in January 2024, reporting assets and liabilities between $100 million and $500 million. 

As part of this winding-down process, the Crypto Loss Claims Portal, managed by the Kroll Restructuring Administration, will serve as the official platform for claim submissions. Creditors must file their claims by April 30, 2025, at 11:59 p.m. ET, as late submissions will not be accepted. Those who fail to file before the deadline will forfeit any potential recovery.

Claims will be evaluated based on Eligible Loss Cryptocurrency holdings, though certain assets will not qualify. Specifically, cryptocurrencies with on-chain liquidity below $100 and holdings such as Luna 2.0 on Terra 2.0 will be excluded. A full list of eligible assets will be available on the portal upon launch.

To submit a claim, creditors must register on the portal, verify ownership, and complete the Crypto Loss Claim Form. For assets held on the Terra blockchain or other supported networks, claimants will need to sign a transaction to confirm ownership. Those with holdings on external exchanges are encouraged to provide a read-only API key for verification. While manual evidence, such as transaction logs and account statements, will be accepted, claims relying on such documents may face a longer review process.

Once submitted, claims will be reviewed by the Terraform Wind Down Trust, with initial determinations expected within 90 days of the deadline. Creditors will have the opportunity to accept or dispute the decision. Approved claims will be eligible for pro rata distributions once processing is complete.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: Terraform Labs
Share64Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

Amber Group Launches $10M Hackathon to Drive AgentFi Crypto Innovation
Crypto

Amber Group Launches $10M Hackathon to Drive AgentFi Crypto Innovation

22 July 2025
Bank of England Reconsiders Digital Pound Plans as Focus Shifts to Stablecoins
News

Bank of England Reconsiders Digital Pound Plans as Focus Shifts to Stablecoins

22 July 2025
BlockDAG Presale Offers 100% Coin Unlock, Projects 3,000% Returns
Crypto

BlockDAG Presale Offers 100% Coin Unlock, Projects 3,000% Returns

22 July 2025
BTC Digital Deepens Ethereum Bet with $5M Purchase, Holdings Reach 2,135 ETH
Ethereum

BTC Digital Deepens Ethereum Bet with $5M Purchase, Holdings Reach 2,135 ETH

22 July 2025

Featured Posts

What is a Crypto Order Book and How Does it Work?

What is a Crypto Order Book and How Does it Work?

byOlayinka Sodiq
14 July 2025
0

Elon Musk's xAI Colossus: What It Is and Why It’s a Big Deal?

Elon Musk’s xAI Colossus: What It Is and Why It’s a Big Deal?

byOlayinka Sodiqand1 others
12 July 2025
0

Is AI the Future of Crypto Trading or a Threat to Market Stability?

Is AI the Future of Crypto Trading or a Threat to Market Stability?

byOlajumoke Oyaleke
7 July 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 3)

5 days ago

Account Abstraction Adoption: Are Users Ready for Smart Wallets?

7 days ago

The Role of Real-World Assets (RWAs) in the Next DeFi Boom

1 week ago

Stablecoins in 2025: Still Depegging or Finally Stable?

1 week ago

Your Weekend Crypto Roundup | July 2025 (Week 2)

2 weeks ago

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

2 weeks ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration

bychainwire
23 July 2025
0

Ethereum Based Meme Coin PEPETO Raises Above $5.5M in Presale

bychainwire
22 July 2025
0

USDf Demand Climbs as Falcon Reveals 11.8% Yield Strategy and Risk Cap Model

bychainwire
22 July 2025
0

MultiBank Group’s $MBG Token TGE Is Live on MexC, Gate.io, Uniswap and Multibank.io.

bychainwire
22 July 2025
0

CARV Advances AI Beings Roadmap with Hackathon and 12+ Ecosystem Partnerships

bychainwire
22 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00