For Advisors
Terraform Labs Claims. Liquidity for Your Clients. Now.
Cash at closing — the only secondary market for Terraform Labs bankruptcy claims.
Case No. 24-10070-BLS (Bankr. D. Del.) · Docket No. 1190
The Situation
Approximately 16,640 creditors hold Crypto Loss Claims in the Terraform Labs bankruptcy, with an estimated $185 million to $442 million in base distributions per Plan projections, with additional potential recovery from pending litigation against Jump Trading and Jane Street. Your clients have waited over four years since the Terra/Luna collapse. There has been no secondary market, no price discovery, and no path to liquidity.
And no good answer when they ask you what their options are.
The Only Secondary Market
TerraClaim is the first and only dedicated marketplace for Terraform Labs Crypto Loss Claims. No other platform currently lists these claims.
Court-Filed Transfers
All transfers are filed with the Delaware Bankruptcy Court under Rule 3001(e). Our first transfer is recorded as Docket No. 1190.
Zero Cost to Your Client
Sellers pay nothing. Transaction fees are borne entirely by the buyer. Your client's recovery is undiminished by platform costs.
Backed by institutional buyers with dedicated distressed-debt capital.
Ready to discuss a specific client situation?
How Your Clients Get Paid
Your client's claim is purchased outright: a single cash payment at closing, at a fixed percentage of face value. No waiting on estate distributions or litigation timelines — once the transfer is filed, they are done.
At Closing
Cash Payment
Immediate liquidity
After Closing
Done
Nothing court-dependent to wait for
Example
$100,000 Crypto Loss Claim
At closing, your client receives $2,500 (2.5% of face value) in one payment — the claim transfer is filed with the Delaware Bankruptcy Court and the sale is complete.
Without selling: indefinite wait, no guaranteed recovery timeline, no liquidity.
This structure is standard in distressed-debt markets. Your client converts an uncertain, long-duration asset into immediate cash.
Ready to discuss a specific client situation?
Working With Us
Identify
You identify a client holding a Terraform Labs Crypto Loss Claim in Case No. 24-10070-BLS.
Introduce
Send us an email or schedule a call. We handle the initial conversation with your client — you set the introduction, we take it from there.
Execute
We handle claim valuation, buyer qualification, transaction documentation, Rule 3001(e) filing with the Court, and settlement coordination. Your client reviews and signs; we manage everything else.
Settle
Your client receives payment. The transfer is recorded on the court docket. The claim is resolved.
All client communications go through you. You remain the primary point of contact throughout the transaction.
You receive direct updates at each stage — transaction status, case developments, and pricing activity relevant to your client's claim.
Who We Are
Matthieu Barret-Pineaux
Managing Member, TerraClaim LLC
Structured and filed the first Terraform Labs claim transfer (Docket No. 1190). Leads platform operations, buyer relationships, and transaction execution.
Case Details
| Entity | Terraform Labs Pte. Ltd. |
| Case | No. 24-10070-BLS (Bankr. D. Del.) |
| Court | United States Bankruptcy Court, District of Delaware |
| Claims Agent | Kroll Restructuring Administration |
| Docket Filing | No. 1190 (first claim transfer) |
| Creditor Count | ~16,640 Crypto Loss Claims |
| Distribution Pool | $185M–$442M base, per Plan projections, plus litigation upside |
| Active Litigation | Jump Trading ($4B action, N.D. Ill.); Jane Street (S.D.N.Y.) |
We work with creditors and their advisors across jurisdictions. Contact us to discuss cross-border considerations for your client's claim.
Get in Touch
We will walk you through the claim-transfer process, current market conditions, and how working together looks — in terms appropriate for your practice.
We respond to all inquiries within one business day. · Eastern Time, Monday–Friday.
Important Disclosures
TerraClaim LLC is not a law firm, broker-dealer, investment adviser, or tax advisor. Nothing on this page constitutes legal, financial, investment, or tax advice. The information provided is for general informational purposes only and should not be relied upon as a basis for any transaction, referral, or professional recommendation.
Bankruptcy claim transfers involve material risks, including but not limited to: uncertainty regarding final distribution amounts, changes to the plan of reorganization, delays in case administration, adverse litigation outcomes, and potential objections to transfers by the Debtor, the Official Committee of Unsecured Creditors, or other parties in interest. Past filings and case developments do not guarantee future outcomes or specific recovery amounts.
The recovery estimates referenced on this page ($185M–$442M) are per Plan projections and are subject to change. Litigation-related recovery upside (including the Jump Trading and Jane Street matters) is speculative and may not result in any additional distributions to Crypto Loss Claim holders.
Advisors considering referrals should independently evaluate TerraClaim and the claim-transfer process in the context of their professional obligations, applicable rules of professional conduct, and any engagement-specific terms with their clients.
PACER filings referenced herein are public records available through the United States Bankruptcy Court for the District of Delaware. TerraClaim encourages independent verification of all court filings.
TerraClaim LLC | Registered in Delaware | Case: In re Terraform Labs Pte. Ltd., No. 24-10070-BLS (Bankr. D. Del.)