Terraform Labs Opens Claims Portal on March 31 for UST and LUNA Creditors, $185 Million Reimbursement Planned by April 30

Terraform Labs has announced the opening of a claims portal for creditors affected by the collapse of its algorithmic stablecoin, UST, and its associated cryptocurrency, LUNA. The portal will be available starting March 31, 2025, allowing eligible creditors to submit claims for their losses. Creditors must provide supporting documentation and register through the 'Crypto Loss Claims Portal' by April 30, 2025. Terraform Labs plans to reimburse approximately $185 million to affected parties, with a comprehensive list of eligible crypto assets to be released on March 31.

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