The post Terraform Labs Gives Creditors One Last Chance—Claim Your Crypto Losses by May 16! appeared first on Coinpedia Fintech News
If you lost crypto due to the Terra collapse, there’s still time to act. Terraform Labs has extended the deadline for victims to file their claims for crypto losses through its official portal. With the new deadline set for May 16, 2025, thousands of affected users now have extra time to gather documents and submit proof to claim their losses.
Here’s 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 winding down operations after filing for bankruptcy. As part of this process, it has launched an online Crypto Loss Claims Portal to let affected users file claims for their crypto losses.
Earlier, the deadline to submit claims was set for April 30. However, the company has now extended the deadline to May 16, 2025, at 11:59 p.m. ET, giving creditors more time to file their claims and upload the required documents.
Meanwhile, the fastest and most trusted way to verify your holdings is through Preferred Evidence, such as read-only API keys from major exchanges or wallet verifications.
Submitting Manual Evidence, like screenshots or transaction logs is allowed, but this method could result in delays or even disqualification if Preferred Evidence is available and not used.
Who’s Eligible?
To be eligible, claimants must have suffered losses from cryptocurrencies listed under “Eligible Loss Cryptocurrencies.” These include tokens that were part of the Terra ecosystem but exclude some holdings like Luna 2.0 on Terra 2.0 or coins with very low on-chain liquidity (below $100).
However, a full list of eligible tokens is available on the official Kroll portal.
How and Where to File Your Claim?
Users can visit claims.terra.money to submit their claims. It’s important to complete and submit the Crypto Loss Claim Form along with all necessary documentation before the final deadline of May 16, 2025, at 11:59 p.m. ET. Any claims submitted after this time will not be accepted.
What If You Miss The Deadline?
If you’re a victim of the Terra collapse, this may be your best shot at recovering losses. However, failing to file a claim before May 16 means you’ll likely lose your chance to recover any losses.
Be sure to visit the portal, read the claim procedures carefully, and submit your evidence as soon as possible.