! ! Pay special attention! !
Terra has made a big move!
They announced that TFL (Terra Form Labs) will restart the "Shuttle Bridge" to give everyone the opportunity to redeem the assets previously locked in Terra Classic. Moreover, TFL also plans to directly destroy 150 million LUNA coins, which is not a small amount!
Specifically, TFL plans to move all the assets in the "Shuttle Bridge" wallet to the new wallet, and then make a simpler interface so that everyone can redeem their assets within 30 days. If you miss this opportunity, you will miss it, because TFL said that it will permanently shut down the "Shuttle Bridge" and the remaining assets will have to say goodbye.
However, TFL's Chapter 11 bankruptcy plan has not yet been approved by the court, and it is estimated that it will have to wait until late September this year to officially start. Also, according to the settlement agreement between TFL and the U.S. Securities and Exchange Commission (SEC), TFL will have to revoke the 125 million LUNA staked by the current 49 validators, plus the 2.5 million LUNA used to provide liquidity, a total of 150 million LUNA, all of which will be destroyed. This sounds very exciting, let's wait and see