The post Terra Luna Repayment: How to File Your Claim Before May 16 appeared first on Coinpedia Fintech News
The collapse of Terra USD and Luna coins left countless investors in turmoil. Now, as Terraform Labs winds down its operations after filing for bankruptcy, there’s finally a chance for affected users to get some relief. If you were affected, you can now file a claim to try and get some of your money back.
The deadline to apply has been extended to May 16, 2025, but time is running out, as late submissions will not be accepted.
Submit Your Claims Before May 16, 2025
The original deadline to submit claims was April 30, 2025, but Terraform Labs has extended it to May 16, 2025, at 11:59 p.m. ET. This gives you more time to prepare and submit your claim, but you must act fast!
However, claims must be filed electronically through the official Online Claims Portal. It’s fast and easy, but only if you submit before the cutoff date. Any claims submitted after this deadline will not be accepted, so it’s important to act quickly.
Who Can File Claims?
If you invested in Terra’s cryptocurrencies, particularly Terra USD or Luna, and lost funds when the tokens collapsed, you’re eligible to file a claim. However, not all cryptocurrencies are eligible.
Cryptos with less than $100 in on-chain liquidity and certain other exclusions won’t qualify. Be sure to check if your holdings meet the requirements before you file.
Required Documents
When submitting your claim, you’ll need to provide proof of ownership. Preferred Evidence, like API keys from exchanges, is the best option, as it’s the quickest and most reliable way to process your claim.
If you don’t have API keys, you can submit Manual Evidence, such as transaction logs or screenshots, but it will take longer to verify, and there’s a chance it could be disqualified.
What Happens After Submission?
Once your claim is submitted, it will be reviewed by the Wind Down Trust. Within 90 days, you’ll receive an initial determination of your claim amount. If all goes well, you can accept or dispute this amount. Undisputed claims will be processed and eligible for disbursement.
Disbursements will be made on a pro-rata basis, meaning everyone gets a fair share depending on their loss.
If You Miss, You Lose!
If you haven’t registered yet, head over to the official claims portal at claims.terra.money and start the process. With the deadline looming, now is your chance to recover some of your losses.
Whether you’re a long-time Terra investor or new to the crypto world, make sure you file before it’s too late!