Victims of the Terra blockchain collapse are being given one final window to take action.
Terraform Labs, now in the process of shutting down amid bankruptcy, has reopened the door for those who lost assets in the 2022 disaster to officially file claims — but that door will close for good on May 16, 2025.
The company, which once operated the infamous TerraUSD and LUNA tokens, has set up an online claims platform aimed at compensating users who held eligible assets during the crash. While the deadline was previously set for late April, the updated schedule offers a little extra breathing room for users still scrambling to collect the required information.
Claims must be submitted through the official portal, and while there are a few ways to prove your holdings, not all methods are treated equally. The platform gives clear preference to automated, verifiable data — like read-only API keys from centralized exchanges or wallet verification methods. Submitting screenshots or transaction history manually is still permitted, but doing so comes with a warning: less reliable evidence could slow down your claim or result in outright rejection if a better option was available.
Not every Terra-linked token qualifies for reimbursement. Assets tied to the second version of the network — like Luna 2.0 — and coins with extremely limited liquidity don’t make the cut. An up-to-date list of tokens considered eligible can be found through the claims administrator, Kroll.
To initiate the process, users must visit claims.terra.money, where the claim form and evidence must be submitted before the May 16 cutoff at 11:59 p.m. Eastern Time. Anything filed beyond that point will be ignored, regardless of merit.
For anyone still holding losses from the Terra collapse, this may be the last meaningful shot at recovering funds. Once the deadline passes, so does the opportunity — permanently.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/terraform-labs-reopens-claims-portal-with-extended-deadline/