Terraform Labs Opens Claims Portal for TerraUSD Collapse Creditors
- Terraform Labs has launched a claims portal for creditors affected by the TerraUSD collapse.
- The portal opens on March 31, 2025, and submissions are due by April 30, 2025, at 11:59 p.m. ET.
- Claims must be submitted electronically with supporting documentation via claims.terra.money.
- Eligible crypto assets must be proven through transactions or API keys; manual evidence may face delays.
- A settlement of $4.47 billion was agreed upon with the SEC following a $40 billion investor loss fraud finding.
Creditors impacted by the TerraUSD collapse can submit their claims through Terraform Labs’ newly opened portal by April 30, 2025. The settlement includes a $4.47 billion payment to the SEC after significant investor losses were identified.
Source (2.6)https://cryptobriefing.com/terraform-loss-claims-creditors/?rand=59535