The Terra LUNA collapse is still haunting investors three years later, and now there's a ticking clock on whatever pennies you might get back.

Terraform Labs is finally winding down after the bankruptcy and fraud settlement that came as no surprise to anyone except perhaps Do Kwon.

If you were rekt in crypto's most spectacular implosion, you have until May 16th to file your claim before the money vanishes forever.

Who Gets Paid

Not everyone who lost money is getting a check, because, of course they can't – this is crypto.

You're only eligible if you held the original LUNC or UST tokens with sufficient on-chain liquidity when everything went to zero.

Luna 2.0 holders are left holding the bag, which is an insult to injury for those who already suffered through one collapse.

The claims portal has the full list of eligible tokens, but if your asset had less than $100 in liquidity, you're out of luck.

The Clock Is Ticking

The claims portal opened on March 31st, and you have until 11:59 p.m. ET on May 16th to submit.

That deadline is more complex than SEC enforcement actions – miss it, and you're guaranteed to get nothing.

This is your last chance, so don't pull a Do Kwon and wait until it's too late.

How To File Your Claim

Head to claims.terra.money and prepare for some bureaucratic fun.

The fastest way is to use read-only API keys from exchanges, which is probably the only time giving away API access is a good idea in Web3.

If you're concerned about API keys, you can submit transaction logs or screenshots; however, your claim will likely be processed more slowly if you choose this route.

The Wind Down Trust and Kroll will review everything, and you will hear back within 90 days about whether you will receive anything.

What You Might Get

The harsh reality is that nobody is getting 100% of their losses back.

Payouts are pro rata, meaning that everyone receives the same percentage of their claim, provided it is approved.

You can dispute their decision if you think they're lowballing you, but don't expect Terra-level returns on your complaint.

Don't Miss Your Last Chance

Missing this deadline means kissing your money goodbye forever.

API keys are your friend here – they expedite verification and reduce the risk of rejection.

Double-check that your assets qualify before wasting your time on the application process.

Follow all the portal instructions exactly, because one wrong step means your claim joins LUNA in the graveyard.

The Final Word

This is your last chance to salvage something from crypto's biggest train wreck.

Three years later, and we're still cleaning up Do Kwon's mess while he's doing whatever he's doing in custody.

Don't wait until May 15th to gather your evidence – the portal's open now, and procrastination could cost you whatever is left.

LUNA whales have to fill out the same form as someone who lost $100, and both are no doubt wondering where it all went wrong.