Terraform Labs has officially extended the deadline for creditors affected by the Terra blockchain collapse to file claims for their crypto losses. The company has confirmed that all submissions must be completed by May 16, 2025, at 11:59 p.m. ET.
The extra time allowed by the extension occurs after the initial April 30 deadline, giving affected users more opportunities to obtain the necessary documents. All claims related to the Terra blockchain collapse are processed through the online portal built by Terraform Labs dedicated to this purpose.
The bankruptcy process requires the company to complete its user compensation for users affected by Terra USD, and Luna collapse within this framework. All eligible victims must participate in monetary recovery after the deadline marks the complete opportunity to seek compensation.
Clear Guidelines Issued for Submitting Evidence
Use of eligible cryptocurrencies among the “Eligible Loss Cryptocurrencies” list becomes a requirement for qualification. The submitted assets come from the Terra blockchain but do not include Luna 2.0 or coins below $100 liquidity.
Customers should supply the “Preferred Evidence,” consisting of read-only API keys from significant exchanges and blockchain wallet proofs. The verification methods result in fast claim processing while lowering the possibility of rejected applications.
Users can submit Evidence manually through screenshots or transaction logs to the company, although such submissions can result in extended verification durations. Users presenting alternative evidence types must provide complete and easy-to-understand Evidence to prevent any issues.
The claims portal at [claims.terra.money](https://claims.terra.money) will continue operation until the absolute deadline arrives. Claimants must complete their applications with all the necessary documents before submission deadlines.
Users who fail to meet the deadline will give up their chance to participate in the claims resolution process. Multiple processes work to finalize Terraform Labs’ bankruptcy requirements while the platform terminates its operations.
The official portal provides necessary information about which tokens qualify for the process and acceptable evidence requirements. The Kroll platform requires complete transparency, and users must satisfy all specified criteria.
Conclusion
According to Terraform Labs, crypto loss claims connected to the Terra collapse can be submitted until May 16, 2025. Users who fail to submit their claims before May 16, 2025, will become ineligible to receive compensation payments since the bankruptcy process will be completed.
