Terraform Labs will open a bankruptcy claims portal for creditors to submit claims.

According to Gate.io News bot, Theblock reported that Terraform Labs announced the launch of the bankruptcy claims portal "Crypto Loss Claims Portal" on March 31. The company filed for bankruptcy in January 2024 due to the collapse of TerraUSD and LUNA.

Creditors must complete the claim application registration by April 30, 2025. Application materials must provide a wallet address or a read-only API Key. If you choose to submit manual evidence such as transaction records, the review process will be extended.

According to previous reports, Terraform Labs' restructuring plan shows that the compensation amount for creditors is between $185 million and $442 million.