Terraform Labs trustee begins notifying claimants of repayment process

Kroll Restructuring, the bankruptcy trustee for Terraform Labs, has begun notifying claimants about the repayment process for losses from the May 2022 collapse of the Terra-Luna ecosystem, Digital Asset reported. The notice informs claimants that distribution and recovery procedures are set to begin and provides guidance on the methods and schedule for future claims. This development comes approximately 10 months after Terraform Labs launched a dedicated website for loss claims through Kroll in March 2025.