FAQ
Frequently Asked Questions
Everything you need to know about selling your Terra bankruptcy claim.
What are Terra Luna bankruptcy claims?
Terra Luna bankruptcy claims are legal rights to receive distributions from the Terraform Labs (Terra Luna) Chapter 11 estate in Delaware. When the Terra Luna ecosystem collapsed in May 2022, holders of UST and LUNA were left with claims against Terraform Labs. These claims were registered as Crypto Loss Claims (CLC) on the official Kroll register, have real monetary value, and can be sold. Allowed Terra Luna claims can be sold directly through TerraClaim to institutional buyers.
Which assets are eligible in the Terra Luna bankruptcy?
The Terraform Labs estate recognized losses in Terra Luna ecosystem assets, TerraUSD (UST, now USTC), LUNA (now LUNC) and related holdings such as staked aUST, as Crypto Loss Claims (CLC). If your claim shows as Allowed on the official Kroll register, you can sell it through TerraClaim today. If your claim is still awaiting its Initial Determination, leave your email and we notify you the moment it clears.
How do I get an offer for my Terra Luna claim?
Enter your Allowed CLC amount on the homepage, choose how you want to get paid, and leave your email. Your firm offer appears on screen and in your inbox. Every Terra Luna claim is priced individually by our desk. Your offer stays available on your personal link.
Can I negotiate the price for my Terra Luna claim?
Your offer is firm and priced individually. Want a different price? Tell the desk in the chat and we take it to the buyer. If the buyer agrees, your offer link is updated.
How fast do I get paid when selling my Terra Luna claim?
Within 24 hours of signing. Onboarding takes about 10 minutes, the verification call is 10 minutes and usually happens the same day, and once the Transfer of Claim Agreement is signed your payout is released: USDC within 24 hours, bank wire in 1 to 5 business days.
Is selling my Terra Luna claim secure?
Yes. Every Terra Luna claim sale on TerraClaim is governed by a legally binding Transfer of Claim Agreement (TOCA) drafted by experienced bankruptcy counsel. Both parties complete KYC verification, ownership is checked against the official Kroll register, and the claim transfer is formally filed with the Delaware Bankruptcy Court.
What fees does TerraClaim charge?
Selling is free of charge for sellers. The offer you accept is the amount you receive, in full, in USDC or by bank wire.
More detail on each step is on how it works, the case status is on the case timeline, and completed transfers are listed on transfers.