Terraform Labs to Begin Accepting Compensation Claims

postradavshie klienty terraform labs smogut potrebovat kompensatsiyu do 30 aprelya

On March 31, Terraform Labs (TFL), the company behind the collapsed Terra ecosystem, will launch a portal to accept compensation claims from affected users.

Claims can be submitted until April 30, with the process overseen by TFL’s liquidators from consulting firm Kroll. Clients of the bankrupt platform must:

  • Register on the portal before the deadline;
  • Provide proof of ownership of assets;
  • Submit API keys (read-only mode) for holdings on third-party exchanges or platforms;
  • Complete the claim form with as much information as possible.

“Once a claim is submitted, the Wind Down Trust will review and verify it. Within 90 days after the deadline, creditors will receive a notification via the online portal—either with an initial compensation determination or a notice that the administrator requires more time for evaluation,” the statement reads.

The company emphasized the importance of providing complete and highly accurate information, as well as identity verification.

The liquidators will not accept claims for assets that have lost capitalization—those with a total market value of less than $100. This also applies to tokens issued under the Terra 2.0 initiative.

Notably, TFL has agreed to pay $4.47 billion to the U.S. Securities and Exchange Commission (SEC) to settle regulatory claims.