If you lost crypto due to the collapse of the Terra, there is still time to act. Terraform Labs has Extensive deadline for victims To submit their claims for Crypto losses through his official portal. With the new deadline before 16 May 2025, thousands of affected users now have extra time to collect documents and to submit evidence to claim their losses.
Here is everything you need to know.
Portal Open until May 16, 2025
Terraform Labs, the company behind the Fallen Terra USD -Token and Luna Coin, is currently going off after submitting bankruptcy. As part of this process, it has launched an online crypto loss claim portal to have affected users submitted for their crypto losses.
Earlier, the deadline to submit claims was established on April 30. However, the company has now extended the deadline until May 16, 2025, at 11:59 PM et, which means that creditors have more time to submit their claims and to upload the required documents.
In the meantime, the fastest and most trusted way is to verify your participations by preferential certificate, such as reading API tests of large stock exchanges or wallets verifications.
Submitting evidence, such as screenshots or transaction logs are permitted, but this method can lead to delays or even disqualification if preferred certificate is available and is not used.
Who is eligible?
To be eligible, claimants must have suffered losses by cryptocurrencies mentioned under “Eligible loss of cryptocurrencies. “These include tokens that were part of the Terra ecosystem, but some companies such as Luna 2.0 exclude on Terra 2.0 or coins with a very low liquidity of the chain (below $ 100).
However, a complete list of eligible tokens is available on the Official Kroll -Portal.
How and where should you submit your claim?
Users can visit claims.terra.money To submit their claims. It is important to complete and submit the crypto loss claim form, together with all the necessary documentation before the last deadline of May 16, 2025, at 11:59 PM et. All claims that are submitted after this time are not accepted.
What if you miss the deadline?
If you are the victim of Terra’s collapse, this might be your best chance of recovering losses. However, if you do not submit a claim before 16 May, you will probably be your chance to recover losses.
Make sure you visit the portal, read the claim procedures carefully and submit your evidence as quickly as possible.