Terraform Labs Launches Claims Portal for TerraUSD Collapse Victims

Terraform Labs has announced the launch of its Crypto Loss Claims Portal on March 31, 2025, allowing affected investors to seek compensation for losses tied to the Terra USD (UST) collapse. Creditors have until April 30, 2025, to submit their claims for consideration.

To streamline the process, on-chain verification is preferred over manual submissions, with different verification methods available based on asset location. Claims will be reviewed by the Wind Down Trust, with creditors receiving submission status updates within 90 days of the deadline.

Approved claims will be distributed on a pro-rata basis soon after. The collapse of Terraform Labs‘ UST stablecoin in May 2022 resulted in an estimated $40 billion market loss, leading to lawsuits, investigations, and the company’s bankruptcy in January 2024.

As part of its $4.47 billion SEC settlement, Terraform Labs will liquidate assets held by co-founder Do Kwon, though creditor claims will take priority over regulatory fines.

With the claims process now open, affected investors have a limited window to seek financial recovery from one of crypto’s biggest collapses.