Terraform Labs Reopens Claims Portal with Extended Deadline
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
