Fueled by a passionate community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services.
We would like to inform you about a recent bankruptcy court order in TFL’s chapter 11 case authorizing TFL to do the following: 1) Reopen the Shuttle bridge for the redemption of wrapped assets on Terra Classic; 2) Undelegate & burn the 150M LUNA received from the Terra Community Grant.
The General Bar Date for filing claims in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been set to August 9, 2024, at 5:00 p.m. (ET).
Join us for a second Space with @fleece_cannon this Friday to address unanswered questions from the first session. Set your reminders and bring your questions!
Join @fleece_cannon for a Space this coming Tuesday on the recent TFL news, everything that's happened since the trial, and what happens next. Bring your questions!
1/ Attention Terra community: Due to the recent court ruling, TFL is making changes to its operations moving forward, including active liquidity provisioning and access to TFL products in certain jurisdictions. 🧵 👇
2/ As a result of the SEC case, TFL may receive a conduct injunction, which could prohibit TFL from engaging in certain activities. To prepare for this, TFL will be restricting access to some TFL products and features from users in the United States as of next week.
Terraform Labs Statement on Verdict in SEC Proceedings: We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.
1/ This is a post-mortem analysis of recent block production issues on the Terra blockchain.
Included is the core team's conclusions of what caused the issues, and what has been done to resolve them 🧵 ⤵️
2/ The Terra blockchain experienced two disruptions in block production, on March 14th & 21st. Between the two incidents, the chain was halted for ~3 hours total.
In both cases, the core team reacted quickly to restart the chain and diagnose the issue.
1/ Prop 4805 to upgrade the Terra chain and add four new updates has successfully passed!
As a result, the Terra blockchain will halt temporarily at block 9,444,000, which is approximately 10:00 am UTC today (14 Mar), to execute the upgrade with Terra validators.
2/ Read the full details of the chain upgrade 👇 https://t.co/WlcHmYW3gp
Dive into everything that happened within the Terra ecosystem in February in this month’s community update, featuring ecosystem & governance updates, integrations, media features, and community post highlights! 🗞️