Terraform’s May 16 Deadline for UST-Linked Crypto Claims Now in Final Stretch

• Terraform Labs urges creditors to file crypto loss claims before the May 16 deadline or lose recovery rights
• TerraUSD claimants must submit all forms and evidence through Kroll’s crypto portal before the deadline
• Only assets listed on Schedule I are eligible; Luna 2.0 and low-liquidity tokens will not be considered

Terraform Labs has issued a final reminder to creditors impacted by the TerraUSD (UST) collapse that the window to submit crypto loss claims is closing fast. According to an official post on X, the deadline to file is May 16, 2025, at 11:59 p.m. ET.

Claims Must Be Filed Through Kroll’s Crypto Portal

Additionally, the claims must be submitted through the designated online portal at [claims.terra.money](http://claims.terra.money), managed by Kroll Restructuring Administration LLC. Late submissions will not be accepted, and creditors failing to meet the deadline risk forfeiting any potential recovery.

Related: How to File a Claim Against Terraform Labs: Portal Opens March 31

The Crypto Loss Claims Portal officially launched on March 31, 2025, allowing creditors to file electronically. According to the report, applicants must submit a Crypto Loss Claim Form and all supporting documentation through the online system. Kroll, a restructuring service provider appointed as part of the bankruptcy process, manages the portal’s administration.

Only Eligible Cryptocurrencies Will Be Considered

The Plan Administrator will determine claim amounts based on eligible cryptocurrencies held by each claimant. A complete list of cryptocurrencies that qualify for recovery will be available under “Schedule I, List of Eligible Loss Cryptocurrencies” at restructuring.ra.kroll.com/Terraform.

Notably, any tokens with on-chain liquidity below $100 and Luna 2.0 holdings on the Terra 2.0 network will not qualify for recovery.

Evidence Requirements for Claim Review

To streamline the claims review, applicants are urged to submit Preferred Evidence—such as read-only API keys from supported crypto exchanges. This method is considered the most secure and least susceptible to manipulation.

Related: TerraUSD Collapse: Highlighting The Risks of Algorithmic Stablecoins

Those who instead submit Manual Evidence, including screenshots, transaction logs, or account statements, will be subject to Individualized Review, which may delay their Initial Determination. The Plan Administrator may also partially or fully reject any claims that do not meet the specified documentation standards.