On May 2, 2025, at 9:25 AM PST, the TRON DAO X account was compromised following a social engineering attack on a team member. The attacker posted a contract address, sent direct messages, and followed various accounts. This breach emphasizes the dangers of social engineering, as it allowed the unauthorized party to manipulate the account. TRON DAO X is currently investigating the incident and working on measures to enhance security moving forward.
The collapse of Terra USD and Luna coins left countless investors in turmoil. Now, as Terraform Labs winds down its operations after filing for bankruptcy, there’s finally a chance for affected users to get some relief. If you were affected, you can now file a claim to try and get some of your money back.
The deadline to apply has been extended to May 16, 2025, but time is running out, as late submissions will not be accepted.
Submit Your Claims Before May 16, 2025
The original deadline to submit claims was April 30, 2025, but Terraform Labs has extended it to May 16, 2025, at 11:59 p.m. ET. This gives you more time to prepare and submit your claim, but you must act fast!
However, claims must be filed electronically through the official Online Claims Portal. It’s fast and easy, but only if you submit before the cutoff date. Any claims submitted after this deadline will not be accepted, so it’s important to act quickly.
Reminder: The deadline to file Crypto Loss Claims with the Terraform Labs Pte. Ltd. Wind Down Trust is May 16, 2025, at 11:59 p.m. Eastern Time. Creditors must file their Eligible Crypto Loss Claims via https://t.co/7YQvfQr76x by this date. Late submissions will not be accepted.…
If you invested in Terra’s cryptocurrencies, particularly Terra USD or Luna, and lost funds when the tokens collapsed, you’re eligible to file a claim. However, not all cryptocurrencies are eligible.
Cryptos with less than $100 in on-chain liquidity and certain other exclusions won’t qualify. Be sure to check if your holdings meet the requirements before you file.
Required Documents
When submitting your claim, you’ll need to provide proof of ownership. Preferred Evidence, like API keys from exchanges, is the best option, as it’s the quickest and most reliable way to process your claim.
If you don’t have API keys, you can submit Manual Evidence, such as transaction logs or screenshots, but it will take longer to verify, and there’s a chance it could be disqualified.
What Happens After Submission?
Once your claim is submitted, it will be reviewed by the Wind Down Trust. Within 90 days, you’ll receive an initial determination of your claim amount. If all goes well, you can accept or dispute this amount. Undisputed claims will be processed and eligible for disbursement.
Disbursements will be made on a pro-rata basis, meaning everyone gets a fair share depending on their loss.
If You Miss, You Lose!
If you haven’t registered yet, head over to the official claims portal at claims.terra.money and start the process. With the deadline looming, now is your chance to recover some of your losses.
Whether you’re a long-time Terra investor or new to the crypto world, make sure you file before it’s too late!
The post Terra Luna Repayment: How to File Your Claim Before May 16 appeared first on Coinpedia Fintech News
The collapse of Terra USD and Luna coins left countless investors in turmoil. Now, as Terraform Labs winds down its operations after filing for bankruptcy, there’s finally a chance for affected users to get some relief. If you were affected, you can now file a claim to try and get some of your money back. …
The collapse of the MANTRA (OM) token has left investors reeling, with many facing significant losses. As analysts comb through the causes of the collapse, many questions remain.
BeInCrypto consulted industry experts to identify five critical red flags behind MANTRA’s downfall and reveal strategies investors can adopt to steer clear of similar pitfalls in the future.
MANTRA (OM) Crash: What Investors Missed and How to Avoid Future Losses
On April 13, BeInCrypto broke the news of OM’s 90% crash. The collapse raised several concerns, with investors accusing the team of orchestrating a pump-and-dump scheme. Experts believe that there were many early signs of trouble.
In addition, the project adopted an inflationary tokenomic model with an uncapped supply, replacing the previous hard cap. As part of this transition, the total token supply was also increased to 1.7 billion.
However, the move wasn’t without drawbacks. According to Jean Rausis, co-founder of SMARDEX, tokenomics was a point of concern in the OM collapse.
“The project doubled its token supply to 1.77 billion in 2024 and shifted to an inflationary model, which diluted its original holders. Complex vesting favored insiders, while low circulating supply and massive FDV fueled hype and price manipulation,” Jean Rausis told BeInCrypto.
Moreover, the team’s control over the OM supply also raised centralization concerns. Experts believe this was also a factor that could have led to the alleged price manipulation.
“About 90% of OM tokens were held by the team, indicating a high level of centralization that could potentially lead to manipulation. The team also maintained control over governance, which undermined the project’s decentralized nature,” said Phil Fogel, co-founder of Cork.
Phil Fogel acknowledged that a concentrated token supply isn’t always a red flag. However, it’s crucial for investors to know who holds large amounts, their lock-up terms, and whether their involvement aligns with the project’s decentralization goals.
Moreover, Ming Wu, the founder of RabbitX, also argued that analyzing this data is essential to uncover any potential risks that could undermine the project in the long term.
“Tools like bubble maps can help identify potential risks related to token distribution,” Wu advised.
2. OM Price Action
2025 has been marked as the year of significant market volatility. The broader macroeconomic pressures have weighed heavily on the market, with the majority of the coins experiencing steep losses. Yet, OM’s price action was relatively stable until the latest crash.
OM vs. TOTAL Market Performance. Source: TradingView
“The biggest red flag was simply the price action. The whole market was going down, and nobody cared about MANTRA, and yet its token price somehow kept pumping in unnatural patterns – pump, flat, pump, flat again,” Jean Rausis disclosed.
He added that this was a clear sign of a potential issue or problem with the project. Nevertheless, he noted that identifying the differentiating price action would require some technical analysis know-how. Thus, investors lacking the knowledge would have easily missed it.
Despite this, Rausis highlighted that even the untrained eye could find other signs that something was off, ultimately leading to the crash.
Strategies to Protect Yourself
While investors remained optimistic about OM’s resilience amid a market downturn, this ended up costing them millions. Eric He, LBank’s Community Angel Officer, and Risk Control Adviser emphasized the importance of proactive risk management to avoid OM-style collapses.
“First, diversification is key—spreading capital across projects limits single-token exposure. Stop-loss triggers (e.g., 10-20% below buy price) can automate damage control in volatile conditions,” Eric shared with BeInCrypto.
Ming Wu had a similar perspective, emphasizing the importance of avoiding over-allocation to a single token. The executive explained that a diversified investment strategy helps mitigate risk and enhances overall portfolio stability.
“Investors can use perpetual futures as a risk management tool to hedge against potential price declines in their holdings,” Wu remarked.
Meanwhile, Phil Fogel advised focusing on a token’s liquidity. Key factors include the float size, price sensitivity to sell orders, and who can significantly impact the market.
3. Project Fundamentals
Experts also highlighted major discrepancies in MANTRA’s TVL. Eric He pointed out a significant gap between the token’s fully diluted valuation (FDV) and the TVL. OM’s FDV reached $9.5 billion, while its TVL was only $13 million, indicating a potential overvaluation.
“A $9.5 billion valuation against $13 million TVL, screamed instability,” Forest Bai, co-founder of Foresight Ventures, stated.
Notably, several issues were also raised regarding the airdrop. Jean Rausis called the airdrop a “mess.” He cited many issues, including delays, frequent changes to eligibility rules, and the disqualification of half the participants. Meanwhile, suspected bots were not removed.
“The airdrop disproportionately favored insiders while excluding genuine supporters, reflecting a lack of fairness,” Phil Fogel reiterated.
The criticism expanded further as Fogel pointed out the team’s alleged associations with questionable entities and ties to questionable initial coin offerings (ICOs), raising doubts about the project’s credibility. Eric He also suggested that MANTRA was allegedly tied to gambling platforms in the past.
Strategies to Protect Yourself
Forest Bai underscored the importance of verifying the project team’s credentials, reviewing the project roadmap, and monitoring on-chain activity to ensure transparency. He also advised investors to assess community engagement and regulatory compliance to gauge the project’s long-term viability.
Ming Wu also stressed distinguishing between real growth and artificially inflated metrics.
“It’s important to differentiate real growth from activity that’s artificially inflated through incentives or airdrops, unsustainable tactics like ‘selling a dollar for 90 cents’ may generate short-term metrics but don’t reflect actual engagement,” Wu informed BeInCrypto.
Finally, Wu recommended researching the background of the project’s team members to uncover any history of fraudulent activity or involvement in questionable ventures. This would ensure that investors are well-informed before committing to any project.
4. Whale Movements
As BeInCrypto reported earlier, before the crash, a whale wallet reportedly associated with the MANTRA team deposited 3.9 million OM tokens into the OKX exchange. Experts highlighted that this wasn’t an isolated incident.
“Large OM transfers (43.6 million tokens, ~$227 million) to exchanges days prior were a major warning of potential sell-offs,” Forest Bai conveyed to BeInCrypto.
Ming Wu also explained that investors should pay close attention to such large transfers, which often act as warning signals. Moreover, analysts at CryptoQuant also outlined what investors should look out for.
“OM transfers into exchanges amounted to as much as $35 million in just an hour. This represented an alert sign as: Transfers into exchanges are below $8 million in a typical hour (excluding transfers into Binance, which are typically large given the size of the exchange). Transfers into exchanges represented more than a third of the total OM transferred, which indicates a high transfer volume into exchanges,” CryptoQuant informed BeInCrypto.
Strategies to Protect Yourself
CryptoQuant stated that investors need to monitor the flows of any token into exchanges, as it could indicate increasing price volatility in the near future.
Meanwhile, Risk Control Adviser Eric He outlined four strategies to stay up-to-date when it comes to large transfers.
Chain Sleuthing: Tools like Arkham and Nansen allow investors to track large transfers and monitor wallet activity.
Set Alerts: Platforms like Etherscan and Glassnode notify investors of unusual market movements.
Track Exchange Flows: Users need to track large flows into centralized exchanges.
Check Lockups: Dune Analytics helps investors determine if team tokens are being released earlier than expected.
He also recommended focusing on the market structure.
“OM’s crash proved market depth is non-negotiable: Kaiko data showed 1% order book depth collapsed 74% before the fall. Always check liquidity metrics on platforms like Kaiko; if 1% depth is below $500,000, that’s a red flag,” Eric revealed to BeInCrypto.
Additionally, Phil Fogel underlined the importance of monitoring platforms like X (formerly Twitter) for any rumors or discussions about possible dumps. He stressed the need to analyze liquidity to assess whether a token can handle sell pressure without causing a significant price drop.
Interestingly, experts were slightly divided on how CEXs contributed to OM’s crash. Forest Bai claimed that CEX liquidations during low-liquidity hours worsened the crash by triggering cascading sell-offs. Eric He corroborated this sentiment.
“CEX liquidations played a major role in the OM crash, acting as an accelerant. With thin liquidity—1% depth falling from $600,000 to $147,000—forced closures triggered cascading liquidations. Over $74.7 million was wiped in 24 hours,” he mentioned.
“Analyzing the open interest in the OM derivatives market reveals that it was less than 0.1% of OM’s market capitalization. However, what’s particularly interesting is that during the market collapse, open interest in OM derivatives actually increased by 90%,” Wu expressed to BeInCrypto.
According to the executive, this challenges the idea that liquidations or forced closures caused the price drop. Instead, it indicates that traders and investors increased their short positions as the price fell.
Strategies to Protect Yourself
While the involvement of CEXs remains debatable, the experts did address the key point of investor protection.
“Investors can limit leverage to avoid forced liquidations, choose platforms with transparent risk policies, monitor open interest for liquidation risks, and hold tokens in self-custody wallets to reduce CEX exposure,” Forest Bai recommended.
Eric He also advised that investors should mitigate risks by adjusting leverage dynamically based on volatility. If tools like ATR or Bollinger Bands signal turbulence, exposure should be reduced.
The MANTRA (OM) collapse is a powerful reminder of the importance of due diligence and risk management in cryptocurrency investments. Investors can minimize the risk of falling into similar traps by carefully assessing tokenomics, monitoring on-chain data, and diversifying investments.
With expert insights, these strategies will help guide investors toward smarter, more secure decisions in the crypto market.
Stock Market Crash: The U.S. stock market has plunged into significant turmoil, erasing over $2.1 trillion in value as investors react to President Donald Trump’s escalating trade war. On April 7, 2025, the market’s opening saw dramatic losses, with the Dow Jones, S&P 500, and Nasdaq Composite all dropping sharply, and concerns over the economic fallout intensified.
As a result, many are questioning whether Trump will reconsider his tariff policies to prevent further damage to the market and the broader economy.
The U.S. stock market faced one of its worst days in recent history on April 7, as tariffs imposed by President Trump triggered a sharp sell-off. Over $2.1 trillion got wiped out from the U.S. stock market during the day’s trading session, with major indexes experiencing deep declines. After touching a record high a few months ago, the S&P 500 plummeted by 4%, with the same impact reflected in the Dow Jones and the Nasdaq.
At the same time, the market lost all its gains in the previous twelve months, raising investors’ concerns due to economic uncertainty. This stock market decline was triggered by escalating tensions in trade relations between the United States and China, especially Donald Trump’s new tariff increase.
Because of China’s reciprocity action through putting a 34% tariff on the American products, concerns of the trade war and global recession persist.
Peter Schiff and Bill Ackman Sound the Alarm
Peter Schiff an economist and Trader has opined about the current environment warning of the risks that lie ahead. Currently, Schiff continues to be of the opinion that the market has not properly priced the possibility of an upcoming recession, especially if the tariffs persist.
He stated that the current values of the markets are over-estimated, or have been for sometime now, including the recent dip in the market. Schiff stated that the U.S is likely to experience the worst recession since the Great Depression and said that a 50% market decline might not adequately capture the scale of the upcoming issues. Concurrently, Peter Schiff has predicted that the Ethereum price may drop to $1,000 under these market tensions.
Another voice that echoed such sentiments amid the stock market crash was that of billionaire investor Bill Ackman who expressed his concerns regarding the trade war citing its potential impact on the economy. Ackman categorised this as a ‘self-imposed, economic winter’ saying that the president’s approach would make things worse. However, he accused the administration of provoking the trade war and urged the president to declare a ceasefire because of the negative impact on the economy.
Robert Kiyosaki Warns of a Coming Depression
Robert Kiyosaki, the author of Rich Dad Poor Dad, has been very vocal in his criticism of traditional financial markets. He noted the stock market crash may get worse and there is bigger collapse incoming.
Kiyosaki had predicted that the current downturn would lead to a recession, possibly even a depression. In his recent statements, Kiyosaki emphasized that the market is heading toward a “destruction of fake paper assets,” referring to the overvalued stocks, bonds, and other financial products that have been driving the economy.
Kiyosaki has continuously encouraged people to invest in assets such as gold, silver, and Bitcoin which he calls a “safe haven’, as they will not be as severely affected by another financial crisis. He noted that inflation, and money printing is causing the downfall of the US dollar and adding to the fear of an economic collapse. Kiyosaki proceeded to say that the current bear market is an indication of the fact that the world financial system may be at the precipice of a change.
Will Trump Reassess Tariffs to Ease Market Turmoil?
As the stock market crash persist and apprehensions over a recession increase, the focus shifts to whether Trump will change his stance on tariffs or not. Losses on the U.S. stock market and global economic instability have prompted some experts to assume that Trump may have to reverse his actions concerning tariffs.
Despite the criticism, Trump has remained firm in his stance, stating that the tariffs are necessary to address long-standing trade imbalances and unfair practices. Moreover, Donald Trump warned China that if they do not withdraw their 34% retaliatory tariffs, the U.S. will impose an additional 50% tariff. This hardline approach has raised concerns that the trade war could continue to escalate, further destabilizing the global economy.
Some investors, like Ackman and Schiff, have called for Trump to reconsider his strategy. They argue that the tariffs are already causing significant economic damage and that continuing down this path could lead to even worse outcomes. Schiff has been particularly vocal in warning that the market is not properly pricing in the risk of a major recession, and that the current market decline may just be the beginning.
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