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In a significant update for victims of the Terra ecosystem collapse, Terraform Labs has extended the deadline for filing crypto loss claims to May 16, 2025. Originally set to close on April 30, the official Crypto Loss Claims Portal will now remain open until 11:59 p.m. ET on May 16, offering additional time for thousands of affected users to gather documents and file for compensation.
The deadline to file Crypto Loss Claims for the Terraform Labs Pte. Ltd. Wind Down Trust has been extended through May 16, 2025, at 11:59 p.m. Eastern Time. Creditors must file their Eligible Crypto Loss Claims via https://t.co/7YQvfQr76x by this date. Late submissions will not…
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) April 10, 2025
Terraform Labs—the now-bankrupt company behind the failed TerraUSD (UST) and LUNA tokens—is facilitating the claims process as part of its ongoing bankruptcy proceedings. The extended window is a crucial opportunity for investors still seeking relief after the high-profile 2022 collapse wiped out billions in value.
Who Can File a Claim?
To qualify, claimants must have held cryptocurrencies listed under the “Eligible Loss Cryptocurrencies” category. These include select tokens tied to the original Terra blockchain. However, LUNA 2.0 on Terra 2.0 and assets with on-chain liquidity under $100 are excluded. The full list of eligible assets is available on the Kroll portal.
How to Submit a Claim
Eligible users can file through the dedicated portal at claims.terra.money. To streamline the process, users are encouraged to submit Preferred Evidence, such as read-only API keys from major exchanges or wallet verifications. Manual submissions—like screenshots or transaction logs—are accepted but may cause delays or disqualification if Preferred Evidence is available and not used.
Also Read: Terraform Labs Opens Claims Portal: File Your Crypto Loss Claim by April 30, 2025 – Here’s How
Act Before the Deadline
The final submission deadline is May 16, 2025, at 11:59 p.m. ET. Any claims submitted after this cutoff will be permanently disqualified, making this potentially the last chance for victims to recover any of their losses.
As Terraform Labs winds down its operations, this extended deadline serves as a final call for crypto investors impacted by one of the most catastrophic events in digital asset history. Don’t miss your opportunity to file.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
