Terraform Labs trustee begins notifying claimants of repayment process

Kroll Restructuring, the bankruptcy trustee for Terraform Labs, has begun notifying claimants who suffered losses from the May 2022 collapse of the Terra-Luna ecosystem, Digital Asset reported. This notification officially informs claimants that the distribution and recovery process is set to begin, providing guidance on future claim procedures and schedules. The move comes approximately 10 months after Terraform Labs launched a dedicated claims website through Kroll in March 2025.