Terraform Labs Creditors Deadline Approaches

Terraform Labs Opens Portal for Compensation Claims

• Terraform Labs has launched an online portal for compensation claims related to the May 2022 TerraUSD de-pegging.
• The portal, managed by Kroll, is open from March 31 to April 30.
• Claimants must provide evidence such as wallet addresses and transaction logs.
• Kroll will determine a “Crypto Loss Amount” and distribute compensation on a pro rata basis.
• Total disbursement is estimated between $184.5 million and $442.2 million, but actual losses are hard to estimate.

Investors affected by the TerraUSD collapse can submit claims through a new portal until April 30, with compensation determined by Kroll based on submitted evidence.