Terraform Labs offers the last opportunity to the creditor. Prose to encryption loss by May 16th!
If you lose your encryption due to the collapse of terra, you still have time to act. Terraform Labs has extended the deadline for the victim to file a claim for encryption loss through the official portal. If a new deadline is set on May 16, 2025, there are more time for users to be affected by collecting documents and claiming losses.
There are everything you need to know:
The portal will be held until May 16, 2025
Terraform Labs, a company of fallen Terra USD tokens and Luna Coin, is currently suspended after applying for bankruptcy. As part of this process, the online encryption loss claim portal has been released so that the affected user can submit a claim for the encryption loss.
Earlier, the deadline for submission was submitted on April 30, but the company has now extended the deadline to ET at 11:59 pm on May 16, 2025, and provided more time to submit claims and upload the necessary documents.
On the other hand, the fastest and most reliable way to confirm retention is through preferred evidence, such as the API key for reading a major exchange or wallet verification.
It is allowed to submit manual evidence such as screenshot or transaction logs, but this method can use preferred evidence and can cause delay or disqualification if it is not used.
Who is qualified?
To be qualified, the claimant would have lost a loss with the cryptocurrency listed in “suitable loss cryptocurrency.” It was part of the Terra ecosystem, but it included a coin (less than $ 100) with some of its own districts or chain liquidity, such as LUNA 2.0 of Terra 2.0.
But there is a list of qualified tokens in the official KROLL POLL POLL PORTAL.
How can you submit your claim?
The user can submit a claim by visiting the claim. May 16, 2025, at 11:59 pm, it is important to fill out and submit encryption loss claims with all the necessary documents for ET. All claims submitted after this time are not accepted.
What happens if you miss the deadline?
If you are a victim of terra collapse, this can be the best opportunity to restore losses. However, if you do not submit a claim before May 16, you may lose the opportunity to recover.
Visit the portal, read the billing process carefully, and submit evidence as soon as possible.