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Terra Claims Open Until May 16th + Is Your Mail Phishing you?

Author

Charles Brooks
May 01, 2025

TL;DR

  • Terra investors who lost money to TUSD and LUNA have a chance to file their claim - but act fast and get it in before May 16th.

  • April set a new record: over $364M in crypto losses—mostly from a single jaw-dropping Bitcoin phishing scam.

  • Phishing scammers ditch email—now they’re sending you snail mail.

Lost Crypto in Terra’s Implosion? Last Chance to Claim Your Lost Crypto (Before May 16th)

If you lost money in the Terra collapse in Map of 2022, we’ve got an important update for you.

Claims are open, but closing soon to file your claim. Kroll’s Restructuring site is where you should go before May 16th (two weeks from today).

The deadline’s approaching so, if you had coins or airdrops tied up in Terraform, get your claim in—stat.

$330 Million Phished in a Month

April 2025 was a dumpster fire for crypto investors. Total losses exploded by 1163%—yep, that’s not a typo—hitting $364 million. The main culprit was a single phishing scam that ripped 3,520 Bitcoin (worth $330.7M) right out from under one holder.

It’s the fifth-largest crypto theft ever, and absolutely no one saw it coming (except, probably, the hackers).

Every major incident last month targeted DeFi. Ethereum and BNB Chain were both primary targets. Year-to-date, the crypto market has lost $1.74 billion, already four times what 2024 coughed up. Lesson here? If you’re not double-checking your wallet links, you’re playing Russian roulette with your coins.

Ledger Phishing Scams Go Old School—Check Your Mailbox

If you think phishing attempts only happen in your email - think again.

Reports from the hardware wallet provider Ledger warn that scammers are sending physical letters to Ledger hardware wallet owners, tricked out with official-looking branding and a QR code that promises a “security update.” Scan it, and it asks for your 24-word recovery phrase (which of course, Ledger would never do).

How did they get HODLer addresses to begin with? They’re using the 2020 Ledger data leak that exposed emails, names and physical addresses of Ledger customers.

Ledger’s team confirmed the scam, so if you get a letter asking for your seed phrase, feed it to your shredder.

Stay paranoid, friends. Scams aren’t slowing down, and neither are we.
Got a tip or a “you won’t believe this” story? Smash that reply button.
And do your buddy a favor—forward this to anyone who still thinks “password123” is a good idea.

Catch you next time,
The Crypto Asset Recovery Team