Here's Your Last Chance to Get Redeemed from the Terra Luna Crash!
2025-04-14
If you were affected by the catastrophic collapse of the Terra Luna ecosystem, there’s important news that could help you recover some of your losses. Terraform Labs, the company behind the TerraUSD (UST) stablecoin and Luna token, has extended the deadline for creditors to file their claims for crypto losses.
This extension provides a crucial opportunity for victims to submit their claims through the official claims portal.
Extended Deadline for Claims Submission
Terraform Labs is currently in the process of winding down its operations following a bankruptcy filing. As part of this process, the company has launched an online Crypto Loss Claims Portal to allow affected users to file claims for their losses.
Originally, the deadline to submit claims was set for April 30, 2025. However, Terraform Labs has now extended this deadline to May 16, 2025, at 11:59 p.m. ET. This extension gives affected users additional time to gather their documentation and complete their claim submissions.
This is a critical moment for those who suffered losses during the Terra collapse. Missing this deadline could mean losing your chance to recover any funds associated with your investments in the Terra ecosystem.
Who Is Eligible to File a Claim?
To be eligible for compensation, claimants must have experienced losses related to cryptocurrencies that are classified as “Eligible Loss Cryptocurrencies.”
These include tokens that were part of the Terra ecosystem but do not include certain holdings like Luna 2.0 on Terra 2.0 or coins with very low on-chain liquidity (below $100).
A comprehensive list of eligible tokens can be found on the official Kroll portal associated with Terraform Labs.
It’s essential for claimants to ensure they are filing for eligible cryptocurrencies to avoid disqualification.
How to File Your Claim: A Step-by-Step Guide
1. Access the Claims Portal
Go to claims.terra.money. This is the official website designated for submitting claims related to the Terra Luna collapse.
2. Complete the Crypto Loss Claim Form
Fill out the Crypto Loss Claim Form thoroughly and accurately. Make sure all required fields are completed; incomplete submissions may lead to delays or rejection.
3. Gather Supporting Documentation
Collect all necessary documentation that substantiates your claim. This may include transaction logs, exchange statements, wallet addresses, and any other evidence that verifies your losses.
4. Submit Your Evidence
Upload your claim and all supporting documents through the portal before the final deadline of May 16, 2025, at 11:59 p.m. ET. Ensure that all uploaded files are clear and legible.
5. Preferred Evidence vs. Manual Evidence
The fastest way to verify your holdings is through Preferred Evidence, such as read-only API keys from major exchanges or wallet verifications. While submitting manual evidence like screenshots or transaction logs is allowed, it may result in delays or disqualification if Preferred Evidence is available and not used.
What Happens If You Miss the Deadline?
If you are a victim of the Terra collapse and do not submit your claim by May 16, you will likely lose your chance at recovering any losses associated with your investments in Terra’s ecosystem.
It is crucial to act quickly—visit the claims portal today, review the claim procedures carefully, and submit your evidence as soon as possible.
The opportunity to reclaim lost funds from such a significant event in cryptocurrency history is rare, making this extension an invaluable chance for affected users.
Conclusion
The extension of the claims deadline by Terraform Labs offers a final opportunity for those impacted by the Terra Luna crash to seek restitution for their losses.
With over $250 million in BTC deposits already locked into various recovery efforts and a structured process in place for filing claims, affected users should take immediate action.
By following the outlined steps and ensuring all documentation is submitted before May 16, you can maximize your chances of recovering funds lost during this tumultuous period in cryptocurrency history. Don’t miss out on this last chance—act now to secure your future in an ever-evolving crypto landscape.
FAQ
1. What is the new deadline for filing claims related to Terra Luna?
The new deadline for submitting claims is May 16, 2025, at 11:59 p.m. ET.
2. How can I file my claim?
You can file your claim by visiting claims.terra.money and completing the Crypto Loss Claim Form along with all necessary documentation before the deadline.
3. What types of evidence should I provide?
It’s recommended to use Preferred Evidence such as read-only API keys from exchanges or wallet verifications for faster processing; however, manual evidence like screenshots or transaction logs can also be submitted.
4. What happens if I miss the May 16 deadline?
If you miss the deadline, you will likely lose your opportunity to recover any losses associated with your investments in Terra's ecosystem. It’s crucial to submit your claim before this date.
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